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Berkshire Hathaway B (BRK.B) Stock Moves -0.4%: What You Should Know
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In the latest trading session, Berkshire Hathaway B (BRK.B - Free Report) closed at $309.07, marking a -0.4% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.58%. Elsewhere, the Dow lost 0.59%, while the tech-heavy Nasdaq lost 1.54%.
Prior to today's trading, shares of the company had lost 2.1% over the past month. This has was narrower than the Finance sector's loss of 6.39% and lagged the S&P 500's gain of 2% in that time.
Investors will be hoping for strength from Berkshire Hathaway B as it approaches its next earnings release. In that report, analysts expect Berkshire Hathaway B to post earnings of $2.79 per share. This would mark a year-over-year decline of 12.26%. Our most recent consensus estimate is calling for quarterly revenue of $74.47 billion, up 5.16% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $18.97 per share and revenue of $305.9 billion. These totals would mark changes of +35.79% and +1.26%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Berkshire Hathaway B. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 16.6% higher. Berkshire Hathaway B is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Berkshire Hathaway B is holding a Forward P/E ratio of 16.36. For comparison, its industry has an average Forward P/E of 12.53, which means Berkshire Hathaway B is trading at a premium to the group.
It is also worth noting that BRK.B currently has a PEG ratio of 2.34. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Insurance - Property and Casualty industry currently had an average PEG ratio of 1.15 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 84, which puts it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Berkshire Hathaway B (BRK.B) Stock Moves -0.4%: What You Should Know
In the latest trading session, Berkshire Hathaway B (BRK.B - Free Report) closed at $309.07, marking a -0.4% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.58%. Elsewhere, the Dow lost 0.59%, while the tech-heavy Nasdaq lost 1.54%.
Prior to today's trading, shares of the company had lost 2.1% over the past month. This has was narrower than the Finance sector's loss of 6.39% and lagged the S&P 500's gain of 2% in that time.
Investors will be hoping for strength from Berkshire Hathaway B as it approaches its next earnings release. In that report, analysts expect Berkshire Hathaway B to post earnings of $2.79 per share. This would mark a year-over-year decline of 12.26%. Our most recent consensus estimate is calling for quarterly revenue of $74.47 billion, up 5.16% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $18.97 per share and revenue of $305.9 billion. These totals would mark changes of +35.79% and +1.26%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Berkshire Hathaway B. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 16.6% higher. Berkshire Hathaway B is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Berkshire Hathaway B is holding a Forward P/E ratio of 16.36. For comparison, its industry has an average Forward P/E of 12.53, which means Berkshire Hathaway B is trading at a premium to the group.
It is also worth noting that BRK.B currently has a PEG ratio of 2.34. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Insurance - Property and Casualty industry currently had an average PEG ratio of 1.15 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 84, which puts it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.