GGB / Is Gerdau (GGB) Stock Outpacing Its Basic Materials Peers This Year?

Gerdau, a Brazilian steel giant, has faced challenges in 2023 due to a significant slowdown in domestic steel demand and uncertainties driven by China more_horizontal

Gerdau is well-positioned to benefit from increasing global steel demand and potential supply problems in the USA. The company has a strong balance sh more_horizontal

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Neverthe more_horizontal

Here is how Gerdau (GGB) and PPG Industries (PPG) have performed compared to their sector so far this year. more_horizontal

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Neverthe more_horizontal

Gerdau (GGB) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stoc more_horizontal

Gerdau has robust fundamentals, excellent geographical diversification and trades at a forward price-to-earnings of roughly 5 times. The last earnings more_horizontal

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Neverthe more_horizontal