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Berkshire Hathaway B (BRK.B) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Berkshire Hathaway B (BRK.B - Free Report) closed at $341.09, marking a -0.71% move from the previous day. This move lagged the S&P 500's daily loss of 0.1%. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 5.8%.
Heading into today, shares of the company had gained 1.09% over the past month, lagging the Finance sector's gain of 3.18% and the S&P 500's gain of 3.39% 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, the Zacks Consensus Estimate for revenue is projecting net sales of $78.32 billion, up 2.81% from the year-ago period.
BRK.B's full-year Zacks Consensus Estimates are calling for earnings of $16.31 per share and revenue of $316.85 billion. These results would represent year-over-year changes of +16.75% and +4.89%, respectively.
Investors should also note any recent changes to analyst estimates for Berkshire Hathaway B. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Berkshire Hathaway B currently has a Zacks Rank of #4 (Sell).
In terms of valuation, Berkshire Hathaway B is currently trading at a Forward P/E ratio of 21.07. Its industry sports an average Forward P/E of 14.75, so we one might conclude that Berkshire Hathaway B is trading at a premium comparatively.
Also, we should mention that BRK.B has a PEG ratio of 3.01. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Insurance - Property and Casualty industry currently had an average PEG ratio of 1.29 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 182, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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
In the latest trading session, Berkshire Hathaway B (BRK.B - Free Report) closed at $341.09, marking a -0.71% move from the previous day. This move lagged the S&P 500's daily loss of 0.1%. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 5.8%.
Heading into today, shares of the company had gained 1.09% over the past month, lagging the Finance sector's gain of 3.18% and the S&P 500's gain of 3.39% 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, the Zacks Consensus Estimate for revenue is projecting net sales of $78.32 billion, up 2.81% from the year-ago period.
BRK.B's full-year Zacks Consensus Estimates are calling for earnings of $16.31 per share and revenue of $316.85 billion. These results would represent year-over-year changes of +16.75% and +4.89%, respectively.
Investors should also note any recent changes to analyst estimates for Berkshire Hathaway B. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Berkshire Hathaway B currently has a Zacks Rank of #4 (Sell).
In terms of valuation, Berkshire Hathaway B is currently trading at a Forward P/E ratio of 21.07. Its industry sports an average Forward P/E of 14.75, so we one might conclude that Berkshire Hathaway B is trading at a premium comparatively.
Also, we should mention that BRK.B has a PEG ratio of 3.01. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Insurance - Property and Casualty industry currently had an average PEG ratio of 1.29 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 182, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.