Gerdau Earnings Preview
Portfolio Pulse from Benzinga Insights
Gerdau (NYSE:GGB) is set to release its latest quarterly earnings report on November 6, 2023. Analysts estimate an earnings per share (EPS) of $0.22. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price the following day. The stock is currently trading at $4.59, down 5.66% over the last 52-week period.
November 03, 2023 | 4:01 pm
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NEGATIVE IMPACT
Gerdau's upcoming earnings report could potentially impact its stock price. The company has a history of beating EPS estimates but experiencing a drop in share price the following day. The stock is currently down 5.66% over the last 52-week period.
Gerdau's stock price has historically dropped following the release of its earnings reports, despite beating EPS estimates. This trend, combined with the stock's negative returns over the past year, suggests that the upcoming earnings report could potentially have a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100