Investment Firm Raises Price Target For Warren Buffett's Berkshire Hathaway To $750,000 Despite Q3 Earnings Miss
Investment Firm Raises Price Target For Warren Buffett's Berkshire Hathaway To $750,000 Despite Q3 Earnings Miss
Investment banking firm Keefe Bruyette has raised its price target for Berkshire Hathaway (NYSE:BRK) (NYSE:BRK) to $750,000, even though the company fell short of third-quarter earnings expectations. The firm continues to hold a Market Perform rating on the stock.
投資銀行公司Keefe Bruyette已將其對伯克希爾哈撒韋(NYSE:BRK)的目標股價提高至75萬美元,儘管公司未達到第三季度盈利預期。該公司繼續持有對該股票的市場表現評級。
What Happened: Berkshire Hathaway's third quarter operating earnings per share came in at $7,023, missing the Street's forecast of $7,335. The shortfall was primarily due to weaker-than-expected results in property and casualty underwriting, as well as in the Manufacturing, Service, and Retailing sectors. Additionally, the company faced higher "other" losses than anticipated.
事件經過:伯克希爾哈撒韋第三季度營業利潤每股爲7,023美元,低於街頭預期的7,335美元。這一不足主要是因爲財產和意外傷害覈保業務以及製造業、服務業和零售業等領域的業績低於預期。此外,公司面臨的「其他」損失超出預期。
Despite these setbacks, the Warren Buffett-led company saw stronger-than-expected income from its Railroads, Utilities, and Energy sectors, along with robust insurance investment income. Keefe Bruyette noted that the earnings miss and the lack of share repurchases might put pressure on Berkshire's shares as the week progresses.
儘管遭遇這些挫折,禾倫·巴菲特領導的公司從鐵路、公用事業和能源部門以及強勁的保險投資收入中看到了超過預期的收入。Keefe Bruyette指出,盈利未達預期以及缺乏股份回購可能會在本週加劇對伯克希爾股票的壓力。
Why It Matters: Berkshire Hathaway highlighted that the decline in third-quarter operating earnings was driven by weaknesses in its insurance underwriting segment. The Omaha-based conglomerate's quarterly operating earnings of $10.09 billion marked a decline of over 6% compared to the previous year.
爲何重要:伯克希爾哈撒韋指出第三季度營業收入下降是由其保險覈保部分的弱勢引起的。總部位於奧馬哈的企業集團的季度營業收入爲100.9億美元,較去年同期下降了超過6%。
Furthermore, as of the end of September, approximately 70% of Berkshire's aggregate fair value was concentrated in five companies, underscoring its investment strategy.
此外,截至九月底,伯克希爾約70%的總公允價值集中在五家公司,突顯其投資策略。
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This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
本報道使用Benzinga Neuro生成,並由Pooja Rajkumari編輯
譯文內容由第三人軟體翻譯。