Berkshire Hathaway Beats Expectations with Solid Q4 Earnings

Berkshire Nears $1 Trillion Valuation After Record Profit

Berkshire Hathaway Inc. (BRK.B: NYE), the investment conglomerate led by legendary investor Warren Buffett, reported solid operating earnings for the fourth quarter of 2023, despite a year-over-year decline.

 

Stock Target Advisor’s Take on Berkshire Hathaway:

Stock Target Advisor recommends a Slightly Bullish rating for Berkshire Hathaway, without any target price, implying no projected price change over the next 12 months. 2 analysts covering the stock, both rate it a ‘Hold’, with an average target price of $350. This unanimous agreement indicates that the stock may maintain a stable price trajectory ahead.

BRK-B Ratings by Stock Target Advisor

The Diversified Insurance sector‘s average analyst rating stands as ‘Buy’; however, the Stock Target Advisor leans towards a slightly bearish stance. The sector witnessed a recent return of 3.99% over a month and 2.11% over a week.

 

Key points From Berkshire Hathaway’s Q4 Report:

Here are the key points from Berkshire Hathaway’s Q4 report:

  • Operating earnings: $6.7 billion, down 7.9% year-over-year but exceeding analyst expectations.
  • Revenue: Not explicitly disclosed for Q4, but full-year 2023 revenue figures are expected to be released in the company’s annual report.
  • Bright spots: Increased earnings in Utilities and Energy, other controlled businesses, and non-controlled businesses.

 

Conclusion:

Investors are eagerly awaiting the release of Berkshire Hathaway’s annual report, which will provide a more comprehensive picture of the company’s full-year performance and insights from Warren Buffett’s annual letter to shareholders.

Top Trending Stocks

AVG Analyst Rating STA Analysis
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
StockTargetAdvisor
Buy
StockTargetAdvisor
Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
N/A
StockTargetAdvisor
Bearish
StockTargetAdvisor
Hold
StockTargetAdvisor
Neutral
N/A
StockTargetAdvisor
Slightly Bearish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Bearish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Neutral
Ad
Ad

Leave a Reply

Your email address will not be published. Required fields are marked *