Berkshire Hathaway B (BRK.B) shares declined 1.38% to close at $483.48, underperforming the S&P 500's 0.84% loss, and have fallen 4.68% in the past month. Ahead of its earnings release, Berkshire is projected to report a year-over-year EPS decline of 2.6% despite an expected 5.18% increase in revenue, and holds a Zacks Rank of #3 (Hold) with a forward P/E ratio of 23.88, a premium compared to its industry's 11.7.
Berkshire Hathaway B (BRK.B) experienced a recent downturn, closing at $483.48, a 1.38% decline which underperformed the S&P 500's 0.84% loss, the Dow's 0.7% dip, and the Nasdaq's 0.91% depreciation. Over the past month, the stock has depreciated by 4.68%, significantly lagging the Finance sector's flat performance and the S&P 500's 1.44% gain. Investors are keenly awaiting an upcoming earnings disclosure where BRK.B is projected to report earnings of $5.24 per share, reflecting a 2.6% year-over-year decrease, despite an anticipated revenue increase of 5.18% to $98.5 billion. For the full year, Zacks Consensus Estimates project earnings of $20.53 per share, a 6.68% decline, while revenue is expected to grow by 8.58% to $403.3 billion. Notably, the consensus EPS projection has seen a slight upward revision of 0.23% in the last 30 days, a factor often correlated with near-term share price momentum. Currently, BRK.B holds a Zacks Rank of #3 (Hold). From a valuation perspective, its Forward P/E ratio stands at 23.88, a premium compared to its industry's average of 11.7, and its PEG ratio is 3.41, above the industry average of 2.74. The Insurance - Property and Casualty industry, to which BRK.B belongs, is ranked in the top 22% of over 250 industries with a Zacks Industry Rank of 54, suggesting underlying strength in the sector.
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request a DemoOverall Sentiment
mixed
Sentiment Score
-0.15
Ticker Sentiment
