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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 the most recent trading day at $338.63, moving +0.53% from the previous trading session. This move lagged the S&P 500's daily gain of 0.73%. Elsewhere, the Dow gained 0.62%, while the tech-heavy Nasdaq added 0.93%.
The company's shares have seen a decrease of 6.88% over the last month, not keeping up with the Finance sector's loss of 5.07% and the S&P 500's loss of 2.29%.
Analysts and investors alike will be keeping a close eye on the performance of Berkshire Hathaway B in its upcoming earnings disclosure. The company is forecasted to report an EPS of $4.74, showcasing a 34.28% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $76.41 billion, down 0.68% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $15.82 per share and revenue of $331.03 billion. These totals would mark changes of +13.24% and +9.58%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Berkshire Hathaway B. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Berkshire Hathaway B boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Berkshire Hathaway B is at present trading with a Forward P/E ratio of 21.3. For comparison, its industry has an average Forward P/E of 14.35, which means Berkshire Hathaway B is trading at a premium to the group.
Meanwhile, BRK.B's PEG ratio is currently 3.04. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Insurance - Property and Casualty industry currently had an average PEG ratio of 1.3 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 76, placing it within the top 31% of over 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.
To follow BRK.B in the coming trading sessions, be sure to utilize 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 the most recent trading day at $338.63, moving +0.53% from the previous trading session. This move lagged the S&P 500's daily gain of 0.73%. Elsewhere, the Dow gained 0.62%, while the tech-heavy Nasdaq added 0.93%.
The company's shares have seen a decrease of 6.88% over the last month, not keeping up with the Finance sector's loss of 5.07% and the S&P 500's loss of 2.29%.
Analysts and investors alike will be keeping a close eye on the performance of Berkshire Hathaway B in its upcoming earnings disclosure. The company is forecasted to report an EPS of $4.74, showcasing a 34.28% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $76.41 billion, down 0.68% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $15.82 per share and revenue of $331.03 billion. These totals would mark changes of +13.24% and +9.58%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Berkshire Hathaway B. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Berkshire Hathaway B boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Berkshire Hathaway B is at present trading with a Forward P/E ratio of 21.3. For comparison, its industry has an average Forward P/E of 14.35, which means Berkshire Hathaway B is trading at a premium to the group.
Meanwhile, BRK.B's PEG ratio is currently 3.04. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Insurance - Property and Casualty industry currently had an average PEG ratio of 1.3 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 76, placing it within the top 31% of over 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.
To follow BRK.B in the coming trading sessions, be sure to utilize Zacks.com.