Published on 30 Apr 2024 on Zacks via Yahoo Finance
Should You Buy Berkshire Hathaway (BRK.B) Ahead of Q1 Earnings?
Berkshire Hathaway Inc. (BRK.B) is set to report first-quarter 2024 earnings soon. The Zacks Consensus Estimate for first-quarter earnings and revenues is pegged at $3.41 per share and $81.03 billion, respectively. The top- and bottom-line estimates imply a year-over-year decline of 7.5% and 5.1%, respectively.Per our proven model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chance of an earnings beat. At present, Berkshire Hathaway has an Earnings ESP of 0.00% and a Zacks Rank of 2. Hence, it is presumed that BRK.B is unlikely to beat estimates this earnings season.You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Price Performance
Year to date, shares of Berkshire have gained 12.4% compared with the industry’s 13% growth, the Finance sector's 1.5% rise and the Zacks S&P 500 composite’s 7.6% increase.