Alert: Negative Fundamental Signals (4/2/24)-Gerdau SA (NYSE: GGB)


Gerdau SA (NYSE: GGB). Extremely significant negative changes in fundamentals have recently occurred: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2025 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

GGB is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Gerdau has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Gerdau has a very high Appreciation Score of 91 but a slightly negative Power Rating of 30, and the High Neutral Value Trend Rating results.

Recent Price Action

Gerdau SA (NYSE: GGB) stock closed at $4.43 on 4/2/24 after a modest gain of 0.7%. NORMAL trading volume accompanied the advance. The stock has risen 3.0% during the last week but has been weak relative to the market over the last nine months.

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