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Berkshire Hathaway Q3 FY2021 Earnings Report Preview: What to Look For<blockquote>伯克希尔哈撒韦公司2021财年第三季度收益报告预览：寻找什么</blockquote>

KEY TAKEAWAYS Analysts estimate EPS of $5,949.01 vs. $18,994.0 in Q3 FY 2020. Operating income is e

Berkshire Hathaway Q3 FY2021 Earnings Report Preview: What to Look For<blockquote>伯克希尔哈撒韦公司2021财年第三季度收益报告预览：寻找什么</blockquote>

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(BRK.A) has staged a rapid recovery in 2021 from the most negative effects of the COVID-19 pandemic. In its latest reported quarter, Berkshire's core railroad, utility and energy businesses posted major profit increases as its manufacturing, service and retailing businesses also saw sizable recoveries in revenue and profit, some surpassing pre-pandemic levels. At the same time, insurance underwriting operating earnings fell year-over-year (YOY).1</p><p><blockquote><ul><li>分析师预计2020财年第三季度每股收益为5,949.01美元，而2020财年第三季度每股收益为18,994.0美元。</li><li>与最近几个季度相比，营业收入预计将加速同比增长。</li><li>伯克希尔哈撒韦公司的收入预计将以自2020财年第一季度（COVID-19大流行开始）以来最快的速度下降。</li></ul>伯克希尔哈撒韦公司(BRK.A)在2021年从COVID-19大流行的最负面影响中迅速复苏。在最新报告的季度中，伯克希尔的核心铁路、公用事业和能源业务利润大幅增长，其制造、服务和零售业务的收入和利润也大幅复苏，有些甚至超过了大流行前的水平。与此同时，保险承保营业利润同比下降（YOY）。1</blockquote></p><p> Investors will be watching to see if the Berkshire Hathaway's recovery has continued when the company reports financial results for Q3 FY 2021 on Nov. 6, 2021.2The news may be mixed. Analysts expect the company to report YOY declines to both earnings per share (EPS) and revenue.3</p><p><blockquote>当伯克希尔哈撒韦公司于2021年11月6日公布2021财年第三季度财务业绩时，投资者将关注该公司的复苏是否持续。2消息可能好坏参半。分析师预计该公司每股收益(EPS)和收入将同比下降。3</blockquote></p><p> Investors, however, may get good news in Q3 from another key metric. Analysts expect Berkshire's operating income to grow at the fastest rate in at least two years.3Operating income excludes income from Berkshire's massive investment portfolio. As a result, operating income is a way for investors to clearly assess how Berkshire's insurance, railway, energy, retail and other businesses have performed.3</p><p><blockquote>然而，投资者可能会在第三季度从另一个关键指标中得到好消息。分析师预计伯克希尔的营业收入将以至少两年来最快的速度增长。3营业收入不包括伯克希尔庞大投资组合的收入。因此，营业收入是投资者清楚评估伯克希尔保险、铁路、能源、零售和其他业务表现的一种方式。</blockquote></p><p> Berkshire Hathaway's class A shares have traded largely in line with the market in the past year. In early February 2020 the stock broke away, climbing to high points in May and June before pulling back slightly. Since then, Berkshire class A shares have generally traded sideways, although the stock has continued to outperform the broader market. These shares now provide a 1-year trailing total return of 40.0%, slightly ahead of the S&amp;P 500's total return of 38.3% over the same time period.</p><p><blockquote>过去一年，伯克希尔哈撒韦公司的A类股交易基本与市场一致。2020年2月初，该股突破，在5月和6月攀升至高点，然后小幅回调。此后，伯克希尔A类股总体横盘整理，尽管该股持续跑赢大盘。这些股票目前的1年追踪总回报率为40.0%，略高于标普500同期38.3%的总回报率。</blockquote></p><p> Berkshire Hathaway Earnings History</p><p><blockquote>伯克希尔哈撒韦公司盈利历史</blockquote></p><p> Berkshire Hathaway's quarterly EPS was heavily impacted by the COVID-19 pandemic in Q1 FY 2020. The plunge in the stock market, and thus the value of the company's investment portfolio, helped inflict a record $49.7 billion loss at Berkshire.4</p><p><blockquote>伯克希尔哈撒韦公司的季度每股收益在2020财年第一季度受到COVID-19大流行的严重影响。股票市场的暴跌，以及公司投资组合的价值，导致伯克希尔损失了创纪录的497亿美元。</blockquote></p><p> For that quarter, the company reported a loss per share of $30,653.00. Berkshire's performance swung to positive EPS in both Q2 and Q3 FY 2020, nearly doubling YOY. This momentum has proven difficult to maintain. While Berkshire posted its fifth straight quarter of positive EPS in Q2 FY 2021, the 13.3% gain was the weakest growth rate in several quarters. For Q3 2021, analysts expect EPS to plunge 68.7%.3</p><p><blockquote>该季度，该公司报告每股亏损30,653.00美元。伯克希尔哈撒韦公司的业绩在2020财年第二季度和第三季度均转为正值每股收益，同比几乎翻了一番。事实证明，这种势头很难维持。尽管伯克希尔哈撒韦公司在2021财年第二季度连续第五个季度实现正每股收益，但13.3%的涨幅是几个季度以来最弱的增长率。分析师预计2021年第三季度每股收益将暴跌68.7%。3</blockquote></p><p> Berkshire Hathaway's revenue growth has erratic in recent quarters. It posted negative revenue in Q1 FY 2020, followed by revenue gains of 31.4%, 24.8%, and 7.73% in Q2, Q3, and Q4 FY 2020, respectively. For Q2 FY 2021, revenue declined slightly. Analysts now expect revenue to plunge 21.4% YOY in Q3 FY 2021.</p><p><blockquote>伯克希尔哈撒韦公司最近几个季度的收入增长不稳定。该公司在2020财年第一季度收入为负，随后在2020财年第二季度、第三季度和第四季度收入分别增长31.4%、24.8%和7.73%。2021财年第二季度，收入略有下降。分析师目前预计2021财年第三季度收入将同比下降21.4%。</blockquote></p><p> Berkshire Hathaway Key Stats</p><p><blockquote>伯克希尔哈撒韦公司关键统计数据</blockquote></p><p> <table>  <tbody>   <tr>    <td></td>    <td>Estimate for Q3 FY 2021</td>    <td>Q3 FY 2020</td>    <td>Q3 FY 2019</td>   </tr>   <tr>    <td>Earnings Per Share</td>    <td>$5,949.01</td>    <td>$18,994.00</td>    <td>$10,119.00</td>   </tr>   <tr>    <td>Revenue (B)</td>    <td>$74.2</td>    <td>$94.4</td>    <td>$75.7</td>   </tr>   <tr>    <td>Operating Income (B)</td>    <td>$7.0</td>    <td>$5.4</td>    <td>$7.8</td>   </tr>  </tbody> </table> The Key Metric</p><p><blockquote><table><tbody><tr><td></td><td>2021财年第三季度预估</td><td>2020财年第三季度</td><td>2019财年第三季度</td></tr><tr><td>每股盈利</td><td>$5,949.01</td><td>$18,994.00</td><td>$10,119.00</td></tr><tr><td>收入(B)</td><td>$74.2</td><td>$94.4</td><td>$75.7</td></tr><tr><td>营业收入(B)</td><td>$7.0</td><td>$5.4</td><td>$7.8</td></tr></tbody></table>关键指标</blockquote></p><p> As mentioned above, a key measure of Berkshire's underlying businesses is&nbsp;operating income, which excludes the company's investment income. This is particularly important for Berkshire because it has significant investment holdings, including sizable stock holdings in major public companies. These investments can cause Berkshire's earnings to change dramatically from quarter to quarter, fueled by swings in the market. Excluding the investment portfolio's income is a helpful way for investors to see how the company's broad range of operating businesses have performed.</p><p><blockquote>如上所述，衡量伯克希尔基础业务的一个关键指标是营业收入，其中不包括公司的投资收入。这对伯克希尔来说尤其重要，因为它拥有大量投资，包括持有主要上市公司的大量股票。在市场波动的推动下，这些投资可能会导致伯克希尔的盈利在每个季度都发生巨大变化。排除投资组合的收入有助于投资者了解公司各种运营业务的表现。</blockquote></p><p> Berkshire Hathaway's operating income was severely affected by the pandemic last year. It showed the first signs of weakness when it grew only 5.7% in Q1 2020. Then operating income plunged 10.2% in Q2 and 30.7% in Q3 2020 as the pandemic inflicted broader damage on the U.S. and global economy. Since then, operating income has steadily accelerated over the following three quarters: from 13.2% YOY in Q4 FY 2020 to 19.5% and 21.3% YOY in Q1 and Q2 FY 2021, respectively. For Q3 2021, analysts expect further acceleration, with operating profit rising 28.1%, the fastest increase in at least 10 quarters.</p><p><blockquote>伯克希尔哈撒韦公司去年的营业收入受到疫情的严重影响。2020年第一季度，该指数仅增长5.7%，首次显示出疲软迹象。随后，由于疫情对美国和全球经济造成更广泛的损害，2020年第二季度和第三季度的营业收入分别暴跌10.2%和30.7%。此后，营业收入在接下来的三个季度稳步增长：从2020财年第四季度的同比13.2%增长到2021财年第一季度和第二季度的同比分别增长19.5%和21.3%。对于2021年第三季度，分析师预计将进一步加速，营业利润将增长28.1%，为至少10个季度以来的最快增幅。</blockquote></p><p></p>","source":"lsy1606203311635","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire Hathaway Q3 FY2021 Earnings Report Preview: What to Look For<blockquote>伯克希尔哈撒韦公司2021财年第三季度收益报告预览：寻找什么</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire Hathaway Q3 FY2021 Earnings Report Preview: What to Look For<blockquote>伯克希尔哈撒韦公司2021财年第三季度收益报告预览：寻找什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Investopedia</strong><span class=\"h-time small\">2021-11-05 13:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p>KEY TAKEAWAYS</p><p><blockquote>关键要点</blockquote></p><p> <ul>  <li>Analysts estimate EPS of $5,949.01 vs. $18,994.0 in Q3 FY 2020.</li>  <li>Operating income is expected to grow YOY at an accelerating rate relative to recent quarters.</li>  <li>Berkshire Hathaway's revenue is expected to decline at the fastest rate since Q1 FY 2020, the beginning of the COVID-19 pandemic.</li> </ul> Berkshire Hathaway Inc. (BRK.A) has staged a rapid recovery in 2021 from the most negative effects of the COVID-19 pandemic. In its latest reported quarter, Berkshire's core railroad, utility and energy businesses posted major profit increases as its manufacturing, service and retailing businesses also saw sizable recoveries in revenue and profit, some surpassing pre-pandemic levels. At the same time, insurance underwriting operating earnings fell year-over-year (YOY).1</p><p><blockquote><ul><li>分析师预计2020财年第三季度每股收益为5,949.01美元，而2020财年第三季度每股收益为18,994.0美元。</li><li>与最近几个季度相比，营业收入预计将加速同比增长。</li><li>伯克希尔哈撒韦公司的收入预计将以自2020财年第一季度（COVID-19大流行开始）以来最快的速度下降。</li></ul>伯克希尔哈撒韦公司(BRK.A)在2021年从COVID-19大流行的最负面影响中迅速复苏。在最新报告的季度中，伯克希尔的核心铁路、公用事业和能源业务利润大幅增长，其制造、服务和零售业务的收入和利润也大幅复苏，有些甚至超过了大流行前的水平。与此同时，保险承保营业利润同比下降（YOY）。1</blockquote></p><p> Investors will be watching to see if the Berkshire Hathaway's recovery has continued when the company reports financial results for Q3 FY 2021 on Nov. 6, 2021.2The news may be mixed. Analysts expect the company to report YOY declines to both earnings per share (EPS) and revenue.3</p><p><blockquote>当伯克希尔哈撒韦公司于2021年11月6日公布2021财年第三季度财务业绩时，投资者将关注该公司的复苏是否持续。2消息可能好坏参半。分析师预计该公司每股收益(EPS)和收入将同比下降。3</blockquote></p><p> Investors, however, may get good news in Q3 from another key metric. Analysts expect Berkshire's operating income to grow at the fastest rate in at least two years.3Operating income excludes income from Berkshire's massive investment portfolio. As a result, operating income is a way for investors to clearly assess how Berkshire's insurance, railway, energy, retail and other businesses have performed.3</p><p><blockquote>然而，投资者可能会在第三季度从另一个关键指标中得到好消息。分析师预计伯克希尔的营业收入将以至少两年来最快的速度增长。3营业收入不包括伯克希尔庞大投资组合的收入。因此，营业收入是投资者清楚评估伯克希尔保险、铁路、能源、零售和其他业务表现的一种方式。</blockquote></p><p> Berkshire Hathaway's class A shares have traded largely in line with the market in the past year. In early February 2020 the stock broke away, climbing to high points in May and June before pulling back slightly. Since then, Berkshire class A shares have generally traded sideways, although the stock has continued to outperform the broader market. These shares now provide a 1-year trailing total return of 40.0%, slightly ahead of the S&amp;P 500's total return of 38.3% over the same time period.</p><p><blockquote>过去一年，伯克希尔哈撒韦公司的A类股交易基本与市场一致。2020年2月初，该股突破，在5月和6月攀升至高点，然后小幅回调。此后，伯克希尔A类股总体横盘整理，尽管该股持续跑赢大盘。这些股票目前的1年追踪总回报率为40.0%，略高于标普500同期38.3%的总回报率。</blockquote></p><p> Berkshire Hathaway Earnings History</p><p><blockquote>伯克希尔哈撒韦公司盈利历史</blockquote></p><p> Berkshire Hathaway's quarterly EPS was heavily impacted by the COVID-19 pandemic in Q1 FY 2020. The plunge in the stock market, and thus the value of the company's investment portfolio, helped inflict a record $49.7 billion loss at Berkshire.4</p><p><blockquote>伯克希尔哈撒韦公司的季度每股收益在2020财年第一季度受到COVID-19大流行的严重影响。股票市场的暴跌，以及公司投资组合的价值，导致伯克希尔损失了创纪录的497亿美元。</blockquote></p><p> For that quarter, the company reported a loss per share of $30,653.00. Berkshire's performance swung to positive EPS in both Q2 and Q3 FY 2020, nearly doubling YOY. This momentum has proven difficult to maintain. While Berkshire posted its fifth straight quarter of positive EPS in Q2 FY 2021, the 13.3% gain was the weakest growth rate in several quarters. For Q3 2021, analysts expect EPS to plunge 68.7%.3</p><p><blockquote>该季度，该公司报告每股亏损30,653.00美元。伯克希尔哈撒韦公司的业绩在2020财年第二季度和第三季度均转为正值每股收益，同比几乎翻了一番。事实证明，这种势头很难维持。尽管伯克希尔哈撒韦公司在2021财年第二季度连续第五个季度实现正每股收益，但13.3%的涨幅是几个季度以来最弱的增长率。分析师预计2021年第三季度每股收益将暴跌68.7%。3</blockquote></p><p> Berkshire Hathaway's revenue growth has erratic in recent quarters. It posted negative revenue in Q1 FY 2020, followed by revenue gains of 31.4%, 24.8%, and 7.73% in Q2, Q3, and Q4 FY 2020, respectively. For Q2 FY 2021, revenue declined slightly. Analysts now expect revenue to plunge 21.4% YOY in Q3 FY 2021.</p><p><blockquote>伯克希尔哈撒韦公司最近几个季度的收入增长不稳定。该公司在2020财年第一季度收入为负，随后在2020财年第二季度、第三季度和第四季度收入分别增长31.4%、24.8%和7.73%。2021财年第二季度，收入略有下降。分析师目前预计2021财年第三季度收入将同比下降21.4%。</blockquote></p><p> Berkshire Hathaway Key Stats</p><p><blockquote>伯克希尔哈撒韦公司关键统计数据</blockquote></p><p> <table>  <tbody>   <tr>    <td></td>    <td>Estimate for Q3 FY 2021</td>    <td>Q3 FY 2020</td>    <td>Q3 FY 2019</td>   </tr>   <tr>    <td>Earnings Per Share</td>    <td>$5,949.01</td>    <td>$18,994.00</td>    <td>$10,119.00</td>   </tr>   <tr>    <td>Revenue (B)</td>    <td>$74.2</td>    <td>$94.4</td>    <td>$75.7</td>   </tr>   <tr>    <td>Operating Income (B)</td>    <td>$7.0</td>    <td>$5.4</td>    <td>$7.8</td>   </tr>  </tbody> </table> The Key Metric</p><p><blockquote><table><tbody><tr><td></td><td>2021财年第三季度预估</td><td>2020财年第三季度</td><td>2019财年第三季度</td></tr><tr><td>每股盈利</td><td>$5,949.01</td><td>$18,994.00</td><td>$10,119.00</td></tr><tr><td>收入(B)</td><td>$74.2</td><td>$94.4</td><td>$75.7</td></tr><tr><td>营业收入(B)</td><td>$7.0</td><td>$5.4</td><td>$7.8</td></tr></tbody></table>关键指标</blockquote></p><p> As mentioned above, a key measure of Berkshire's underlying businesses is&nbsp;operating income, which excludes the company's investment income. This is particularly important for Berkshire because it has significant investment holdings, including sizable stock holdings in major public companies. These investments can cause Berkshire's earnings to change dramatically from quarter to quarter, fueled by swings in the market. Excluding the investment portfolio's income is a helpful way for investors to see how the company's broad range of operating businesses have performed.</p><p><blockquote>如上所述，衡量伯克希尔基础业务的一个关键指标是营业收入，其中不包括公司的投资收入。这对伯克希尔来说尤其重要，因为它拥有大量投资，包括持有主要上市公司的大量股票。在市场波动的推动下，这些投资可能会导致伯克希尔的盈利在每个季度都发生巨大变化。排除投资组合的收入有助于投资者了解公司各种运营业务的表现。</blockquote></p><p> Berkshire Hathaway's operating income was severely affected by the pandemic last year. It showed the first signs of weakness when it grew only 5.7% in Q1 2020. Then operating income plunged 10.2% in Q2 and 30.7% in Q3 2020 as the pandemic inflicted broader damage on the U.S. and global economy. Since then, operating income has steadily accelerated over the following three quarters: from 13.2% YOY in Q4 FY 2020 to 19.5% and 21.3% YOY in Q1 and Q2 FY 2021, respectively. For Q3 2021, analysts expect further acceleration, with operating profit rising 28.1%, the fastest increase in at least 10 quarters.</p><p><blockquote>伯克希尔哈撒韦公司去年的营业收入受到疫情的严重影响。2020年第一季度，该指数仅增长5.7%，首次显示出疲软迹象。随后，由于疫情对美国和全球经济造成更广泛的损害，2020年第二季度和第三季度的营业收入分别暴跌10.2%和30.7%。此后，营业收入在接下来的三个季度稳步增长：从2020财年第四季度的同比13.2%增长到2021财年第一季度和第二季度的同比分别增长19.5%和21.3%。对于2021年第三季度，分析师预计将进一步加速，营业利润将增长28.1%，为至少10个季度以来的最快增幅。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investopedia.com/berkshire-hathaway-q3-fy2021-earnings-report-preview-5208434?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral\">Investopedia</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.investopedia.com/berkshire-hathaway-q3-fy2021-earnings-report-preview-5208434?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108861905","content_text":"KEY TAKEAWAYS\n\nAnalysts estimate EPS of $5,949.01 vs. $18,994.0 in Q3 FY 2020.\nOperating income is expected to grow YOY at an accelerating rate relative to recent quarters.\nBerkshire Hathaway's revenue is expected to decline at the fastest rate since Q1 FY 2020, the beginning of the COVID-19 pandemic.\n\nBerkshire Hathaway Inc. (BRK.A) has staged a rapid recovery in 2021 from the most negative effects of the COVID-19 pandemic. In its latest reported quarter, Berkshire's core railroad, utility and energy businesses posted major profit increases as its manufacturing, service and retailing businesses also saw sizable recoveries in revenue and profit, some surpassing pre-pandemic levels. At the same time, insurance underwriting operating earnings fell year-over-year (YOY).1\nInvestors will be watching to see if the Berkshire Hathaway's recovery has continued when the company reports financial results for Q3 FY 2021 on Nov. 6, 2021.2The news may be mixed. Analysts expect the company to report YOY declines to both earnings per share (EPS) and revenue.3\nInvestors, however, may get good news in Q3 from another key metric. Analysts expect Berkshire's operating income to grow at the fastest rate in at least two years.3Operating income excludes income from Berkshire's massive investment portfolio. As a result, operating income is a way for investors to clearly assess how Berkshire's insurance, railway, energy, retail and other businesses have performed.3\nBerkshire Hathaway's class A shares have traded largely in line with the market in the past year. In early February 2020 the stock broke away, climbing to high points in May and June before pulling back slightly. Since then, Berkshire class A shares have generally traded sideways, although the stock has continued to outperform the broader market. These shares now provide a 1-year trailing total return of 40.0%, slightly ahead of the S&P 500's total return of 38.3% over the same time period.\nBerkshire Hathaway Earnings History\nBerkshire Hathaway's quarterly EPS was heavily impacted by the COVID-19 pandemic in Q1 FY 2020. The plunge in the stock market, and thus the value of the company's investment portfolio, helped inflict a record $49.7 billion loss at Berkshire.4\nFor that quarter, the company reported a loss per share of $30,653.00. Berkshire's performance swung to positive EPS in both Q2 and Q3 FY 2020, nearly doubling YOY. This momentum has proven difficult to maintain. While Berkshire posted its fifth straight quarter of positive EPS in Q2 FY 2021, the 13.3% gain was the weakest growth rate in several quarters. For Q3 2021, analysts expect EPS to plunge 68.7%.3\nBerkshire Hathaway's revenue growth has erratic in recent quarters. It posted negative revenue in Q1 FY 2020, followed by revenue gains of 31.4%, 24.8%, and 7.73% in Q2, Q3, and Q4 FY 2020, respectively. For Q2 FY 2021, revenue declined slightly. Analysts now expect revenue to plunge 21.4% YOY in Q3 FY 2021.\nBerkshire Hathaway Key Stats\n\n\n\n\nEstimate for Q3 FY 2021\nQ3 FY 2020\nQ3 FY 2019\n\n\nEarnings Per Share\n$5,949.01\n$18,994.00\n$10,119.00\n\n\nRevenue (B)\n$74.2\n$94.4\n$75.7\n\n\nOperating Income (B)\n$7.0\n$5.4\n$7.8\n\n\n\nThe Key Metric\nAs mentioned above, a key measure of Berkshire's underlying businesses is operating income, which excludes the company's investment income. This is particularly important for Berkshire because it has significant investment holdings, including sizable stock holdings in major public companies. These investments can cause Berkshire's earnings to change dramatically from quarter to quarter, fueled by swings in the market. Excluding the investment portfolio's income is a helpful way for investors to see how the company's broad range of operating businesses have performed.\nBerkshire Hathaway's operating income was severely affected by the pandemic last year. It showed the first signs of weakness when it grew only 5.7% in Q1 2020. Then operating income plunged 10.2% in Q2 and 30.7% in Q3 2020 as the pandemic inflicted broader damage on the U.S. and global economy. Since then, operating income has steadily accelerated over the following three quarters: from 13.2% YOY in Q4 FY 2020 to 19.5% and 21.3% YOY in Q1 and Q2 FY 2021, respectively. For Q3 2021, analysts expect further acceleration, with operating profit rising 28.1%, the fastest increase in at least 10 quarters.","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":1415,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

Berkshire Hathaway Q3 FY2021 Earnings Report Preview: What to Look For<blockquote>伯克希尔哈撒韦公司2021财年第三季度收益报告预览：寻找什么</blockquote>

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