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Berkshire Hathaway B (BRK.B) Gains As Market Dips: What You Should Know

Zacks Equity Research
·3-min read

In the latest trading session, Berkshire Hathaway B (BRK.B) closed at $321.26, marking a +0.27% move from the previous day. The stock outpaced the S&P 500's daily loss of 1.42%. At the same time, the Dow lost 0.49%, and the tech-heavy Nasdaq lost 0.47%.

Prior to today's trading, shares of the company had gained 8.76% over the past month. This has outpaced the Finance sector's gain of 5.07% and the S&P 500's gain of 0.39% in that time.

Wall Street will be looking for positivity from Berkshire Hathaway B as it approaches its next earnings report date. The company is expected to report EPS of $2.84, up 32.09% from the prior-year quarter.

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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

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Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 remained stagnant. Berkshire Hathaway B is currently a Zacks Rank #3 (Hold).

Digging into valuation, Berkshire Hathaway B currently has a Forward P/E ratio of 25.31. This valuation marks a premium compared to its industry's average Forward P/E of 13.99.

We can also see that BRK.B currently has a PEG ratio of 3.62. 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. BRK.B's industry had an average PEG ratio of 1.88 as of yesterday's close.

The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 103, which puts it in the top 41% 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.

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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