Berkshire Hathaway B (BRK.B) Stock Dips While Market Gains: Key Facts

In the latest close session, Berkshire Hathaway B (BRK.B) was down 1.14% at $478.97. The stock fell short of the S&P 500, which registered a gain of 0.03% for the day. Elsewhere, the Dow lost 0.58%, while the tech-heavy Nasdaq added 0.28%. The company's stock has dropped by 3.36% in the past month, falling short of the Finance sector's loss of 0.08% and the S&P 500's gain of 0.6%.The investment community will be paying close attention to the earnings performance of Berkshire Hathaway B in its upcoming release. In that report, analysts expect Berkshire Hathaway B to post earnings of $4.92 per share. This would mark a year-over-year decline of 26.89%. Alongside, our most recent consensus estimate is anticipating revenue of $107.07 billion, indicating a 12.81% upward movement from the same quarter last year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $20.89 per share and revenue of $384.28 billion, indicating changes of -5.05% and 0%, respectively, compared to the previous year. It is also important to note the recent changes to analyst estimates for Berkshire Hathaway B. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.3% lower. Berkshire Hathaway B currently has a Zacks Rank of #4 (Sell). In the context of valuation, Berkshire Hathaway B is at present trading with a Forward P/E ratio of 24.25. This indicates a premium in contrast to its industry's Forward P/E of 10.15. The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 159, putting it in the bottom 36% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Berkshire Hathaway Inc. (BRK.B): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks