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The Zacks Analyst Blog Highlights: Berkshire Hathaway, Verizon Communications, Accenture, General Electric and American Tower

Zacks Equity Research

For Immediate Release

Chicago, IL – December 10, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Berkshire Hathaway BRK.B, Verizon Communications VZ, Accenture ACN, General Electric GE and American Tower AMT.

Here are highlights from Monday’s Analyst Blog:

Top Analyst Reports for Berkshire-Hathaway, Verizon and Accenture

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Berkshire Hathaway, Verizon Communications and Accenture. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Berkshire Hathaway’s shares have underperformed the Zacks Insurance - Property and Casualty industry year to date (9.1% vs. 10.6%). The Zacks analyst believes that the company’s strong cash position supports earnings-accretive bolt-on buyouts. Continued insurance business growth also fuels increase in float.

Berkshire Hathaway’s third-quarter 2019 earnings of $3.21 per share beat the Zacks Consensus Estimate by 15.5% and improved 15.1% year over year on the back of better performance across all its segments. It boasts to be one of the largest property and casualty insurance company measured by premium volume. Its inorganic growth story remains impressive with strategic acquisitions.

Its non-insurance businesses are delivering improved results. A sturdy capital level provides further impetus. However, exposure to catastrophe loss remains a concern. Huge capital expenses due to railroad operations pose concern.

Shares of Verizon have gained 2.5% in the past three months against the Zacks Wireless National industry’s rise of 1%. The Zacks analyst believes that with industry-leading wireless products and services, the company remains well poised to benefit from increased 5G deployment across the country under the new operational framework.

Focus on online content delivery, mobile video and online advertising will also likely drive future growth. The company has upped the ante against rivals by launching 5G Ultra Wideband network in select locations of the country and reiterated its guidance. However, it continues to struggle in a competitive U.S. wireless market.

The company's wireline division is struggling with losses in access lines due to competitive pressure from VoIP service providers. In addition, Verizon is spending heavily on promotion and lucrative discounts to woo customers, which contracts margins.

Accenture's shares have gained 9.9% over the past six months against the Zacks Consulting industry's rise of 9%. The Zacks analyst believes that Accenture has been steadily gaining traction in its outsourcing and consulting businesses.

The company has been strategically enhancing its cloud and digital marketing suite through acquisitions and partnerships. The company’s strong operating cash flow has helped it reward its shareholders in the form of dividends and share repurchases, and pursue opportunities in areas that show true potential.

Accenture is currently a global leader in the Salesforce implementation service space. Due to these positives, shares of Accenture have outperformed its industry in the past year.

However, Accenture continues to face pricing pressure due to significant competition from strong companies like Genpact, Cognizant and Infosys. Global presence exposes Accenture to foreign currency exchange rate fluctuations. Buyout-related integration risks is a concern.

Other noteworthy reports we are featuring today include General Electric and American Tower.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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American Tower Corporation (REIT) (AMT) : Free Stock Analysis Report
 
Verizon Communications Inc. (VZ) : Free Stock Analysis Report
 
General Electric Company (GE) : Free Stock Analysis Report
 
Berkshire Hathaway Inc. (BRK.B) : Free Stock Analysis Report
 
Accenture PLC (ACN) : Free Stock Analysis Report
 
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