Gerdau SA <GGB.N> expected to post earnings of 77 centavos a share - Earnings Preview
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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