In the latest trading session, Berkshire Hathaway B (BRK.B) closed at $492.64, marking a +0.46% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 1.57%. At the same time, the Dow lost 0.84%, and the tech-heavy Nasdaq lost 2.15%.
The company's shares have seen a decrease of 1.35% over the last month, surpassing the Finance sector's loss of 10.12% and the S&P 500's loss of 12.16%.
Investors will be eagerly watching for the performance of Berkshire Hathaway B in its upcoming earnings disclosure. The company is forecasted to report an EPS of $4.81, showcasing a 7.32% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $92.21 billion, indicating a 2.6% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $20.13 per share and a revenue of $375.33 billion, representing changes of -8.5% and +1.05%, respectively, from the prior year.
Any recent changes to analyst estimates for Berkshire Hathaway B should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.19% decrease. Currently, Berkshire Hathaway B is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Berkshire Hathaway B currently has a Forward P/E ratio of 24.36. This signifies a premium in comparison to the average Forward P/E of 10.74 for its industry.
Meanwhile, BRK.B's PEG ratio is currently 3.48. 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. Insurance - Property and Casualty stocks are, on average, holding a PEG ratio of 1.82 based on yesterday's closing prices.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 45, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Berkshire Hathaway Inc. (BRK.B): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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