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Berkshire Hathaway Inc. (BRK.B) Gains But Lags Market: What You Should Know
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In the latest trading session, Berkshire Hathaway Inc. (BRK.B - Free Report) closed at $200.69, marking a +0.63% move from the previous day. This move lagged the S&P 500's daily gain of 0.72%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, added 0.71%.
Heading into today, shares of the company had lost 1.42% over the past month, outpacing the Finance sector's loss of 2.9% and lagging the S&P 500's gain of 0.28% in that time.
Wall Street will be looking for positivity from BRK.B as it approaches its next earnings report date. On that day, BRK.B is projected to report earnings of $2.39 per share, which would represent year-over-year growth of 11.68%.
For the full year, our Zacks Consensus Estimates are projecting earnings of $10.84 per share and revenue of $275.35 billion, which would represent changes of +7.86% and +11.1%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for BRK.B. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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. BRK.B currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note BRK.B's current valuation metrics, including its Forward P/E ratio of 18.41. This valuation marks a premium compared to its industry's average Forward P/E of 13.63.
Also, we should mention that BRK.B has a PEG ratio of 2.63. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Insurance - Property and Casualty industry currently had an average PEG ratio of 1.25 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 98, putting it in the top 39% 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 Inc. (BRK.B) Gains But Lags Market: What You Should Know
In the latest trading session, Berkshire Hathaway Inc. (BRK.B - Free Report) closed at $200.69, marking a +0.63% move from the previous day. This move lagged the S&P 500's daily gain of 0.72%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, added 0.71%.
Heading into today, shares of the company had lost 1.42% over the past month, outpacing the Finance sector's loss of 2.9% and lagging the S&P 500's gain of 0.28% in that time.
Wall Street will be looking for positivity from BRK.B as it approaches its next earnings report date. On that day, BRK.B is projected to report earnings of $2.39 per share, which would represent year-over-year growth of 11.68%.
For the full year, our Zacks Consensus Estimates are projecting earnings of $10.84 per share and revenue of $275.35 billion, which would represent changes of +7.86% and +11.1%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for BRK.B. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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. BRK.B currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note BRK.B's current valuation metrics, including its Forward P/E ratio of 18.41. This valuation marks a premium compared to its industry's average Forward P/E of 13.63.
Also, we should mention that BRK.B has a PEG ratio of 2.63. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Insurance - Property and Casualty industry currently had an average PEG ratio of 1.25 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 98, putting it in the top 39% 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.