Berkshire Hathaway will be releasing its second-quarter report on Friday and investors are looking forward to a good news.

Sources said investors are eager to know the earnings report of Berkshire to track the deals and investments that Warren Buffett made, including his investment strategies.

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Billionaire Warren Buffett is Berkshire Hathaway's CEO and Buffett is one of the biggest shareholders in companies like General Motors, Wells Fargo and Coca-Cola, among others.

Meyer Shields, analyst of Keefe, Bruyette and Woods, said the estimated earnings per share of Berkshire is US$1.96 with total estimated revenue of US$3.8 billion for its second quarter.

The earnings per share of the conglomerate was US$1.64 in 2013, and analysts estimate a 32-cent increase for 2014.

The Associated Press said Buffett had urged investors to focus on Berkshire's operating earnings and not on the net income.

Buffett said the company uses complex derivatives and algorithms to determine its investment strategies.

The approach that Berkshire makes in investing does not accurately indicate the health of the companies it invests in, but it makes a big impact to the net income of the company, according to the billionaire. 

Bloomberg News reported that analysts have forecasted Berkshire's Class B common stock to be US$149 for the next 12 months.

Analysts also estimated a return potential of 16.8 percent in the following months.

Standard and Poor's 500 Index showed that Berkshire has been under-performing, but since July 26, 2013, Berkshire's stock increased by 8.7 percent from US$117.34 which is the highest gain the company had.

Berkshire Hathaway is a holding company dealing with investment services located in Omaha, Neb. It was founded in 1955 and has a market capital of US$309.1 billion.

The conglomerate employs 302,000 employees with US$493.36 billion in total assets.

Tagsberkshire, Warren Buffett, berkshire hathaway