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Berkshire Hathaway B (BRK.B) Dips More Than Broader Markets: What You Should Know
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Berkshire Hathaway B (BRK.B - Free Report) closed the most recent trading day at $338.31, moving -0.44% from the previous trading session. This change lagged the S&P 500's daily loss of 0.37%. At the same time, the Dow lost 0.32%, and the tech-heavy Nasdaq lost 1.18%.
Prior to today's trading, shares of the company had gained 3.05% over the past month. This has lagged the Finance sector's gain of 6.02% and the S&P 500's gain of 7.18% in that time.
Berkshire Hathaway B will be looking to display strength as it nears its next earnings release. On that day, Berkshire Hathaway B is projected to report earnings of $6.44 per share, which would represent year-over-year growth of 53.33%. Meanwhile, our latest consensus estimate is calling for revenue of $78.32 billion, up 2.81% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $16.31 per share and revenue of $316.85 billion. These totals would mark changes of +16.75% and +4.89%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Berkshire Hathaway B. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate has moved 14.05% lower. Berkshire Hathaway B is currently a Zacks Rank #4 (Sell).
Valuation is also important, so investors should note that Berkshire Hathaway B has a Forward P/E ratio of 20.84 right now. For comparison, its industry has an average Forward P/E of 14.91, which means Berkshire Hathaway B is trading at a premium to the group.
We can also see that BRK.B currently has a PEG ratio of 2.98. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Insurance - Property and Casualty stocks are, on average, holding a PEG ratio of 1.24 based on yesterday's closing prices.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 162, putting it in the bottom 36% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Berkshire Hathaway B (BRK.B) Dips More Than Broader Markets: What You Should Know
Berkshire Hathaway B (BRK.B - Free Report) closed the most recent trading day at $338.31, moving -0.44% from the previous trading session. This change lagged the S&P 500's daily loss of 0.37%. At the same time, the Dow lost 0.32%, and the tech-heavy Nasdaq lost 1.18%.
Prior to today's trading, shares of the company had gained 3.05% over the past month. This has lagged the Finance sector's gain of 6.02% and the S&P 500's gain of 7.18% in that time.
Berkshire Hathaway B will be looking to display strength as it nears its next earnings release. On that day, Berkshire Hathaway B is projected to report earnings of $6.44 per share, which would represent year-over-year growth of 53.33%. Meanwhile, our latest consensus estimate is calling for revenue of $78.32 billion, up 2.81% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $16.31 per share and revenue of $316.85 billion. These totals would mark changes of +16.75% and +4.89%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Berkshire Hathaway B. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate has moved 14.05% lower. Berkshire Hathaway B is currently a Zacks Rank #4 (Sell).
Valuation is also important, so investors should note that Berkshire Hathaway B has a Forward P/E ratio of 20.84 right now. For comparison, its industry has an average Forward P/E of 14.91, which means Berkshire Hathaway B is trading at a premium to the group.
We can also see that BRK.B currently has a PEG ratio of 2.98. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Insurance - Property and Casualty stocks are, on average, holding a PEG ratio of 1.24 based on yesterday's closing prices.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 162, putting it in the bottom 36% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.