In the latest close session, Berkshire Hathaway B (BRK.B) was up +1.18% at $503.41. The stock exceeded the S&P 500, which registered a gain of 0.1% for the day. Meanwhile, the Dow gained 0.07%, and the Nasdaq, a tech-heavy index, added 0.14%.
Shares of the company have appreciated by 0.86% over the course of the past month, outperforming the Finance sector's loss of 1.62%, and the S&P 500's loss of 1.43%.
Analysts and investors alike will be keeping a close eye on the performance of Berkshire Hathaway B in its upcoming earnings disclosure. In that report, analysts expect Berkshire Hathaway B to post earnings of $5.19 per share. This would mark a year-over-year decline of 22.88%. At the same time, our most recent consensus estimate is projecting a revenue of $102.89 billion, reflecting a 8.4% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $21.14 per share and a revenue of $380.09 billion, representing changes of -3.91% and +2.33%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Berkshire Hathaway 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 business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Berkshire Hathaway B holds a Zacks Rank of #4 (Sell).
Looking at its valuation, Berkshire Hathaway B is holding a Forward P/E ratio of 23.65. This represents a premium compared to its industry average Forward P/E of 10.8.
The Insurance - Property and Casualty industry is part of the Finance sector. With its current Zacks Industry Rank of 131, this industry ranks in the bottom 47% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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