- Zacks
Should Value Investors Buy Gerdau (GGB) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Insider Monkey
Gerdau S.A. (NYSE:GGB) Q1 2024 Earnings Call Transcript
Gerdau S.A. (NYSE:GGB) Q1 2024 Earnings Call Transcript May 3, 2024 Gerdau S.A. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Renata Oliva Battiferro: Good afternoon and welcome to Gerdau’s Conference Call Results for the First Quarter 2024. I’m Renata, Investor […]
- Reuters
UPDATE 1-Brazil's Gerdau posts 48% fall in fourth quarter profit on lower steel sales
Brazilian steelmaker Gerdau posted on Thursday a 47.9% decrease in its adjusted net profit for the first quarter from the same period a year earlier, affected by lower steel sales amid higher imports in Brazil. It reported a 1.25 billion reais ($244.6 million) adjusted net profit for the three-month period ended in March. Gerdau, which has most of its business in Brazil and North America, posted a net revenue decline of 14.1% year-on-year, as steel sales fell 8.6% in volume, with the company attributing the performance to "excessive imports in the Brazilian market".
