Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) is set to announce fourth-quarter financial results Saturday (Feb. 28), its first earnings release in decades without legendary investor Warren Buffett serving as CEO.
Here’s what investors should know about the report and what could be ahead for the company.
Berkshire Q4 Estimates
Analysts expect the conglomerate to report fourth-quarter revenue of $92.91 billion, down from $94.92 billion a year earlier, Benzinga Pro data show. The company has beaten revenue estimates in more than four straight quarters.
In the most recently reported third quarter, the company highlighted operating earnings being up 34% year-over-year, thanks to insurance profit gains.
The market will be watching to see if the insurance segment led the way again with strong underwriting profits.
Financial results will be released at 8 a.m. ET Saturday, Feb. 28.
First Greg Abel Shareholder Letter
Saturday’s report doesn’t just mark quarterly results, but include coverage of the full financial year. This means investors will get treated to Berkshire’s annual shareholder letter.
For years, investors and analysts have looked forward to the annual missive from Buffett, which included thoughts on the overall market, the company’s operating segments, quotes on investing and words of wisdom.
New CEO Greg Abel takes over with his first letter Saturday, attempting to fill the big shoes of the investing icon.
Investors are eager to hear his plans for the company’s more than $300 billion in idle …