Has Berkshire Hathaway (BRK.B) Outpaced Other Finance Stocks This Year?


Investors focused on the Finance space have likely heard of Berkshire Hathaway (BRK.B), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of BRK.B and the rest of the Finance group’s stocks.

Berkshire Hathaway is one of 824 companies in the Finance group. The Finance group currently sits at #12 within 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. BRK.B is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for BRK.B’s full-year earnings has moved 0.84% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that BRK.B has returned about 1.02% since the start of the calendar year. Meanwhile, stocks in the Finance group have lost about 0.43% on average. 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 #115 in the Zacks Industry Rank. On average, this group has gained an average of 2.24% so far this year, meaning that BRK.B is slightly underperforming its industry in terms of year-to-date returns.

BRK.B will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.

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