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The most recent trading session ended with Berkshire Hathaway B (BRK.B) standing at $532.99, reflecting a +0.08% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.38%. Meanwhile, the Dow experienced a drop of 0.03%, and the technology-dominated Nasdaq saw an increase of 0.87%.
Prior to today's trading, shares of the company had gained 4.41% over the past month. This has outpaced the Finance sector's loss of 3.41% and the S&P 500's loss of 5.59% in that time.
The investment community will be closely monitoring the performance of Berkshire Hathaway B in its forthcoming earnings report. In that report, analysts expect Berkshire Hathaway B to post earnings of $4.81 per share. This would mark a year-over-year decline of 7.32%. At the same time, our most recent consensus estimate is projecting a revenue of $92.21 billion, reflecting a 2.6% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $20.13 per share and a revenue of $375.33 billion, indicating changes of -8.5% and +1.05%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Berkshire Hathaway B. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 1.19% fall in the Zacks Consensus EPS estimate. Berkshire Hathaway B presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Berkshire Hathaway B has a Forward P/E ratio of 26.45 right now. This denotes a premium relative to the industry's average Forward P/E of 12.17.
It is also worth noting that BRK.B currently has a PEG ratio of 3.78. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Insurance - Property and Casualty industry had an average PEG ratio of 1.94.