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Is Berkshire Hathaway (BRK.B) Stock Outpacing Its Finance Peers This Year?
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Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Berkshire Hathaway (BRK.B - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Berkshire Hathaway is a member of our Finance group, which includes 821 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. BRK.B is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BRK.B's full-year earnings has moved 3.78% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, BRK.B has moved about 4.60% on a year-to-date basis. At the same time, Finance stocks have lost an average of 0.58%. This shows that Berkshire Hathaway is outperforming its peers so far this year.
Looking more specifically, BRK.B belongs to the Insurance - Property and Casualty industry, a group that includes 48 individual stocks and currently sits at #111 in the Zacks Industry Rank. On average, this group has gained an average of 4.40% so far this year, meaning that BRK.B is performing better in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to BRK.B as it looks to continue its solid performance.
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Is Berkshire Hathaway (BRK.B) Stock Outpacing Its Finance Peers This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Berkshire Hathaway (BRK.B - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Berkshire Hathaway is a member of our Finance group, which includes 821 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. BRK.B is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for BRK.B's full-year earnings has moved 3.78% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, BRK.B has moved about 4.60% on a year-to-date basis. At the same time, Finance stocks have lost an average of 0.58%. This shows that Berkshire Hathaway is outperforming its peers so far this year.
Looking more specifically, BRK.B belongs to the Insurance - Property and Casualty industry, a group that includes 48 individual stocks and currently sits at #111 in the Zacks Industry Rank. On average, this group has gained an average of 4.40% so far this year, meaning that BRK.B is performing better in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to BRK.B as it looks to continue its solid performance.