What Wall Street expects from Warren Buffett’s Berkshire Hathaway earnings
The post What Wall Street expects from Warren Buffett’s Berkshire Hathaway earnings appeared on BitcoinEthereumNews.com. Wall Street is already laying its bets on Berkshire Hathaway before the company releases its first-quarter earnings on May 2. According to a CNBC report on Monday, UBS analyst Brian Meredith is pushing even harder on the company’s Class B stock, calling the so-called “Baby Berkshire” a “safe haven in a turbulent environment.” Meredith stuck to his previous buy rating but pushed the 12-month price target higher to $606 per share from $557. That is about a 14% rise from yesterday’s $530.96 closing price. Meredith also moved up his first-quarter earnings estimate to $4.89 per share from $4.81, driven by improved loss ratios at Geico, which sits as one of Warren Buffett’s major holdings. Shares of Berkshire’s Class B stock have already climbed nearly 18% in 2025. Even with Donald Trump back in the White House and tariffs rolling out, Meredith said Geico could handle the impact. “We expect tariffs to potentially increase claims costs by 3% – 4% at Geico, however, given current profitability, Geico may be able to absorb the additional costs without raising prices and stay within target margins,” Meredith said. Meredith is also keeping his eyes open for any hints about how Berkshire plans to use its massive $334 billion cash pile, an amount that has reached record levels for the company. On top of all that, analysts polled by FactSet are forecasting first-quarter earnings per share of $4.72 on revenue of $90.8 billion. Buffett’s wealth balloons as Berkshire stock powers higher At 94 years old, Warren’s fortune is swelling alongside Berkshire Hathaway’s stock price. His net worth jumped by $23.7 billion so far in 2025, hitting $166 billion, Bloomberg Billionaire Index reported. The surge amounts to a 16.7% gain year-to-date, largely powered by the strong run of Berkshire’s Class B shares. As of the latest…
The post What Wall Street expects from Warren Buffett’s Berkshire Hathaway earnings appeared on BitcoinEthereumNews.com.
Wall Street is already laying its bets on Berkshire Hathaway before the company releases its first-quarter earnings on May 2. According to a CNBC report on Monday, UBS analyst Brian Meredith is pushing even harder on the company’s Class B stock, calling the so-called “Baby Berkshire” a “safe haven in a turbulent environment.” Meredith stuck to his previous buy rating but pushed the 12-month price target higher to $606 per share from $557. That is about a 14% rise from yesterday’s $530.96 closing price. Meredith also moved up his first-quarter earnings estimate to $4.89 per share from $4.81, driven by improved loss ratios at Geico, which sits as one of Warren Buffett’s major holdings. Shares of Berkshire’s Class B stock have already climbed nearly 18% in 2025. Even with Donald Trump back in the White House and tariffs rolling out, Meredith said Geico could handle the impact. “We expect tariffs to potentially increase claims costs by 3% – 4% at Geico, however, given current profitability, Geico may be able to absorb the additional costs without raising prices and stay within target margins,” Meredith said. Meredith is also keeping his eyes open for any hints about how Berkshire plans to use its massive $334 billion cash pile, an amount that has reached record levels for the company. On top of all that, analysts polled by FactSet are forecasting first-quarter earnings per share of $4.72 on revenue of $90.8 billion. Buffett’s wealth balloons as Berkshire stock powers higher At 94 years old, Warren’s fortune is swelling alongside Berkshire Hathaway’s stock price. His net worth jumped by $23.7 billion so far in 2025, hitting $166 billion, Bloomberg Billionaire Index reported. The surge amounts to a 16.7% gain year-to-date, largely powered by the strong run of Berkshire’s Class B shares. As of the latest…
What's Your Reaction?
