Berkshire Hathaway B (BRK.B) closed at $265.53 in the latest trading session, marking a +0.46% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.21%. At the same time, the Dow lost 0.43%, and the tech-heavy Nasdaq gained 0.01%.
Heading into today, shares of the company had lost 8.05% over the past month, outpacing the Finance sector's loss of 9.32% and the S&P 500's loss of 9.7% in that time.
Wall Street will be looking for positivity from Berkshire Hathaway B as it approaches its next earnings report date. On that day, Berkshire Hathaway B is projected to report earnings of $3.10 per share, which would represent year-over-year growth of 8.01%. Meanwhile, our latest consensus estimate is calling for revenue of $74.92 billion, up 6.15% from the prior-year quarter.
BRK.B's full-year Zacks Consensus Estimates are calling for earnings of $14.14 per share and revenue of $296.47 billion. These results would represent year-over-year changes of +16.67% and +7.38%, respectively.
Investors should also note any recent changes to analyst estimates for Berkshire Hathaway B. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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.
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. The Zacks Consensus EPS estimate has moved 1.98% higher within the past month. Berkshire Hathaway B currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Berkshire Hathaway B currently has a Forward P/E ratio of 18.7. This represents a premium compared to its industry's average Forward P/E of 12.44.
Also, we should mention that BRK.B has a PEG ratio of 2.67. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Insurance - Property and Casualty was holding an average PEG ratio of 1.53 at yesterday's closing price.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 38% 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.
To follow BRK.B in the coming trading sessions, be sure to utilize Zacks.com.
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