Berkshire Hathaway Inc. (BRK.B) closed at $177.99 in the latest trading session, marking a -0.29% move from the prior day. This move lagged the S&P 500's daily gain of 0.5%. Meanwhile, the Dow lost 0.3%, and the Nasdaq, a tech-heavy index, added 0.95%.
Heading into today, shares of the company had lost 4% over the past month, lagging the Finance sector's gain of 1.67% and the S&P 500's gain of 1.89% in that time.
Wall Street will be looking for positivity from BRK.B as it approaches its next earnings report date. In that report, analysts expect BRK.B to post earnings of $2.10 per share. This would mark a year-over-year decline of 16%.
BRK.B's full-year Zacks Consensus Estimates are calling for earnings of $9.38 per share and revenue of $195.44 billion. These results would represent year-over-year changes of -4.09% and -23.24%, respectively.
Any recent changes to analyst estimates for BRK.B should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. BRK.B is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, BRK.B is holding a Forward P/E ratio of 19.04. This represents a premium compared to its industry's average Forward P/E of 13.07.
Meanwhile, BRK.B's PEG ratio is currently 2.72. 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. The Insurance - Property and Casualty industry currently had an average PEG ratio of 2.12 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 183, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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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