Berkshire (BRK.B) Pre-Q2 Earnings Analysis: To Buy or Hold?

Category: Finance

Berkshire Hathaway Inc. (BRK.B) is projected to show growth in revenues and earnings for Q2 2024, with revenues estimated at $97.3 billion and earnings at $4.83 per share. Despite a positive outlook for its insurance business, high catastrophe losses may impact profitability. The company has a Zacks Rank of #3 and an Earnings ESP of -5.70%, indicating uncertainty in beating earnings estimates. Share buybacks and strong performance in various sectors may support the bottom line, but investors are advised to consider valuation before entering new positions.

Keywords: Berkshire Hathaway, Q2 2024 earnings, insurance business

Source: Yahoo Finance Canada

Update At: 8/2/2024

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