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Berkshire Hathaway Inc. (BRK.B) Outpaces Stock Market Gains: What You Should Know
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Berkshire Hathaway Inc. (BRK.B - Free Report) closed the most recent trading day at $216.56, moving +1.09% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.11%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.19%.
Coming into today, shares of the company had gained 6.76% in the past month. In that same time, the Finance sector gained 5.05%, while the S&P 500 gained 4.42%.
BRK.B will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.39, up 11.68% from the prior-year quarter.
BRK.B's full-year Zacks Consensus Estimates are calling for earnings of $10.54 per share and revenue of $275.35 billion. These results would represent year-over-year changes of +4.88% and +11.1%, respectively.
Investors might also notice recent changes to analyst estimates for BRK.B. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 moved 2.77% lower. BRK.B is holding a Zacks Rank of #4 (Sell) right now.
Looking at its valuation, BRK.B is holding a Forward P/E ratio of 20.33. Its industry sports an average Forward P/E of 13.82, so we one might conclude that BRK.B is trading at a premium comparatively.
Meanwhile, BRK.B's PEG ratio is currently 2.9. 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. The Insurance - Property and Casualty industry currently had an average PEG ratio of 1.34 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 207, putting it in the bottom 19% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Berkshire Hathaway Inc. (BRK.B) Outpaces Stock Market Gains: What You Should Know
Berkshire Hathaway Inc. (BRK.B - Free Report) closed the most recent trading day at $216.56, moving +1.09% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.11%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.19%.
Coming into today, shares of the company had gained 6.76% in the past month. In that same time, the Finance sector gained 5.05%, while the S&P 500 gained 4.42%.
BRK.B will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.39, up 11.68% from the prior-year quarter.
BRK.B's full-year Zacks Consensus Estimates are calling for earnings of $10.54 per share and revenue of $275.35 billion. These results would represent year-over-year changes of +4.88% and +11.1%, respectively.
Investors might also notice recent changes to analyst estimates for BRK.B. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 moved 2.77% lower. BRK.B is holding a Zacks Rank of #4 (Sell) right now.
Looking at its valuation, BRK.B is holding a Forward P/E ratio of 20.33. Its industry sports an average Forward P/E of 13.82, so we one might conclude that BRK.B is trading at a premium comparatively.
Meanwhile, BRK.B's PEG ratio is currently 2.9. 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. The Insurance - Property and Casualty industry currently had an average PEG ratio of 1.34 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 207, putting it in the bottom 19% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.