Is Berkshire Hathaway (BRK.B) Stock Outpacing Its Finance Peers This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Berkshire Hathaway (BRK.B) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
Berkshire Hathaway is one of 826 individual stocks in the Finance sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BRK.B is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for BRK.B's full-year earnings has moved 0.84% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, BRK.B has moved about 1.12% on a year-to-date basis. In comparison, Finance companies have returned an average of -1.41%. As we can see, Berkshire Hathaway is performing better than its sector in the calendar year.
Breaking things down more, BRK.B is a member of the Insurance - Property and Casualty industry, which includes 48 individual companies and currently sits at #170 in the Zacks Industry Rank. On average, stocks in this group have gained 1.19% this year, meaning that BRK.B is slightly underperforming its industry in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track BRK.B. The stock will be looking to continue its solid performance.
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