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Berkshire Hathaway B (BRK.B) Gains But Lags Market: What You Should Know
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Berkshire Hathaway B (BRK.B - Free Report) closed at $365.52 in the latest trading session, marking a +0.65% move from the prior day. The stock lagged the S&P 500's daily gain of 0.67%. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, added 1.14%.
Prior to today's trading, shares of the company had gained 1.34% over the past month. This has outpaced the Finance sector's loss of 3.09% and the S&P 500's loss of 0.73% in that time.
Investors will be hoping for strength from Berkshire Hathaway B as it approaches its next earnings release. On that day, Berkshire Hathaway B is projected to report earnings of $4.74 per share, which would represent year-over-year growth of 34.28%. Our most recent consensus estimate is calling for quarterly revenue of $76.41 billion, down 0.68% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $15.82 per share and revenue of $331.03 billion, which would represent changes of +13.24% and +9.58%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Berkshire Hathaway B. These recent revisions tend to reflect the evolving nature of short-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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 5.41% lower. Berkshire Hathaway B is currently a Zacks Rank #3 (Hold).
Investors should also note Berkshire Hathaway B's current valuation metrics, including its Forward P/E ratio of 22.96. Its industry sports an average Forward P/E of 14.17, so we one might conclude that Berkshire Hathaway B is trading at a premium comparatively.
We can also see that BRK.B currently has a PEG ratio of 3.28. 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 58, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Berkshire Hathaway B (BRK.B) Gains But Lags Market: What You Should Know
Berkshire Hathaway B (BRK.B - Free Report) closed at $365.52 in the latest trading session, marking a +0.65% move from the prior day. The stock lagged the S&P 500's daily gain of 0.67%. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, added 1.14%.
Prior to today's trading, shares of the company had gained 1.34% over the past month. This has outpaced the Finance sector's loss of 3.09% and the S&P 500's loss of 0.73% in that time.
Investors will be hoping for strength from Berkshire Hathaway B as it approaches its next earnings release. On that day, Berkshire Hathaway B is projected to report earnings of $4.74 per share, which would represent year-over-year growth of 34.28%. Our most recent consensus estimate is calling for quarterly revenue of $76.41 billion, down 0.68% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $15.82 per share and revenue of $331.03 billion, which would represent changes of +13.24% and +9.58%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Berkshire Hathaway B. These recent revisions tend to reflect the evolving nature of short-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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 5.41% lower. Berkshire Hathaway B is currently a Zacks Rank #3 (Hold).
Investors should also note Berkshire Hathaway B's current valuation metrics, including its Forward P/E ratio of 22.96. Its industry sports an average Forward P/E of 14.17, so we one might conclude that Berkshire Hathaway B is trading at a premium comparatively.
We can also see that BRK.B currently has a PEG ratio of 3.28. 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 58, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.