Brokerages Expect Berkshire Hathaway Inc. (BRK.B) Will Post Earnings of $2.43 Per Share

Wall Street analysts predict that Berkshire Hathaway Inc. (NYSE:BRK.B) will announce earnings of $2.43 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Berkshire Hathaway’s earnings, with estimates ranging from $2.36 to $2.50. Berkshire Hathaway posted earnings per share of $1.35 during the same quarter last year, which would indicate a positive year-over-year growth rate of 80%. The company is scheduled to issue its next earnings results on Friday, February 22nd.

On average, analysts expect that Berkshire Hathaway will report full year earnings of $9.92 per share for the current year, with EPS estimates ranging from $9.42 to $10.24. For the next fiscal year, analysts expect that the company will report earnings of $10.33 per share, with EPS estimates ranging from $10.15 to $10.50. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Berkshire Hathaway.

Berkshire Hathaway (NYSE:BRK.B) last issued its quarterly earnings data on Saturday, November 3rd. The financial services provider reported $2.79 EPS for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.29. The business had revenue of $63.45 billion for the quarter. Berkshire Hathaway had a return on equity of 6.20% and a net margin of 25.50%.

Separately, ValuEngine lowered Berkshire Hathaway from a “buy” rating to a “hold” rating in a report on Wednesday.

Shares of NYSE BRK.B traded down $2.16 during mid-day trading on Thursday, reaching $207.96. 8,286,903 shares of the company traded hands, compared to its average volume of 4,400,688. The firm has a market cap of $517.42 billion, a price-to-earnings ratio of 35.49, a P/E/G ratio of 3.03 and a beta of 0.91. Berkshire Hathaway has a fifty-two week low of $184.75 and a fifty-two week high of $224.07.

Berkshire Hathaway Company Profile

Berkshire Hathaway Inc is a holding company owning subsidiaries engaged in various business activities. Its segments include Insurance, such as GEICO, Berkshire Hathaway Primary Group, General Re Corporation and Berkshire Hathaway Reinsurance Group; Burlington Northern Santa Fe, LLC, which is engaged in the operation of the railroad system; Berkshire Hathaway Energy, which includes regulated electric and gas utility; Manufacturing, which includes manufacturers of various products, including industrial, consumer and building products; McLane Company, which is engaged in the wholesale distribution of groceries and non-food items; Service and retailing, which includes providers of various services, including fractional aircraft ownership programs, aviation pilot training and various retailing businesses, and Finance and financial products, which includes manufactured housing and related consumer financing, transportation equipment, manufacturing and leasing, and furniture leasing.

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