Berkshire Hathaway (BRK.A) (BRK.B) is expected to whittle away at its cash pile in Q3, after the company ramped up stock buybacks and investments in equities and acquisitions in Q2, according to the consensus estimate.
As usual, the Omaha, Nebraska-based insurance and Entering text into the input field will update the search result below Quick Insights Cash is estimated to decline to $358.0B from $365.5B, following acquisitions, equity investments, and buybacks
Q3 buybacks are estimated at $1.64B, below Q2’s $4.5B. An analyst says he will downgrade the stock if buybacks fall below $2B while cash rises. Revenue is expected to fall 13% year over year to about $102B, while underwriting income is projected to decline 54% to $1.47B.
Utilities and energy revenue is expected to grow 4.7%, and premium revenue 0.6%