Gerdau SA expected to post earnings of 77 centavos a share - Earnings Preview

Reuters11-02
Gerdau SA <ggb.n> expected to post earnings of 77 centavos a share - Earnings Preview </ggb.n>
  • Gerdau SA GGB.N, GGB is expected to show a rise in quarterly revenue when it reports results on November 5 for the period ending September 30 2024

  • The Sao Paulo-based company is expected to report a 2.1% increase in revenue to R$17.419 billion from R$17.06 billion a year ago, according to the estimate from one analyst, based on LSEG data.

  • ​LSEG's mean analyst estimate for Gerdau SA is for earnings of 77 centavos per share.

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

  • The mean earnings estimate of analysts was unchanged in the last three months. ​

  • Wall Street's median 12-month price target for Gerdau SA is 4.70​, above​ its last closing price of $3.12. ​​​

This summary was machine generated November 1 at 19:16 GMT. All figures in Brazilian reais unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

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