Gerdau (GGB) Stock Forecast, Price Target & Predictions
GGB Stock Forecast
Gerdau stock forecast is as follows: an average price target of $5.00 (represents a 45.77% upside from GGB’s last price of $3.43) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
GGB Price Target
The average price target for Gerdau (GGB) is $5.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $5.00 to $5.00. This represents a potential 45.77% upside from GGB's last price of $3.43.
GGB Analyst Ratings
According to 2 Wall Street analysts, Gerdau's rating consensus is 'Buy'. The analyst rating breakdown for GGB stock is 0 'Strong Buy' (0.00%), 2 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Gerdau Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 09, 2024 | Caio Ribeiro | Bank of America Securities | $5.00 | $3.26 | 53.37% | 45.77% |
| Apr 18, 2022 | Timna Tanners | Bank of America Securities | $8.71 | $5.70 | 52.87% | 153.86% |
The latest Gerdau stock forecast, released on Sep 09, 2024 by Caio Ribeiro from Bank of America Securities, set a price target of $5.00, which represents a 53.37% increase from the stock price at the time of the forecast ($3.26), and a 45.77% increase from GGB last price ($3.43).
Gerdau Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $5.00 | $5.00 |
| Last Closing Price | $3.43 | $3.43 | $3.43 |
| Upside/Downside | -100.00% | 45.77% | 45.77% |
In the current month, the average price target of Gerdau stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Gerdau's last price of $3.43. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| May 24, 2024 | Bank of America Securities | - | Buy | Upgrade |
| May 06, 2024 | Itau BBA | - | Outperform | Upgrade |
Gerdau's last stock rating was published by Bank of America Securities on May 24, 2024. The company Upgrade its GGB rating from "null" to "Buy".
Gerdau Financial Forecast
Gerdau Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $18.87B | $17.96B | $21.15B | $22.97B | $20.33B | $21.55B | $21.32B | $19.13B | $16.34B | $13.62B | $12.22B | $8.74B | $9.23B | $13.62B | $9.93B | $10.15B | $10.03B | $8.46B | $10.08B |
| Avg Forecast | $2.71B | $3.19B | $3.08B | $2.99B | $2.79B | $3.08B | $3.03B | $3.19B | $3.11B | $3.39B | $3.84B | $3.77B | $3.65B | $4.03B | $4.25B | $4.44B | $3.79B | $3.56B | $3.51B | $2.77B | $2.34B | $2.05B | $1.58B | $1.84B | $2.29B | $2.49B | $2.75B | $2.84B | $174.90B | $54.48B |
| High Forecast | $2.71B | $3.19B | $3.08B | $2.99B | $2.79B | $3.08B | $3.03B | $3.19B | $3.11B | $3.39B | $3.84B | $3.77B | $3.65B | $4.03B | $4.25B | $4.44B | $3.79B | $3.56B | $3.51B | $2.77B | $2.34B | $2.05B | $1.58B | $1.84B | $2.29B | $2.49B | $2.75B | $2.84B | $209.88B | $65.38B |
| Low Forecast | $2.71B | $3.19B | $3.08B | $2.99B | $2.79B | $3.08B | $3.03B | $3.19B | $3.11B | $3.39B | $3.84B | $3.77B | $3.65B | $4.03B | $4.25B | $4.44B | $3.79B | $3.56B | $3.51B | $2.77B | $2.34B | $2.05B | $1.58B | $1.84B | $2.29B | $2.49B | $2.75B | $2.84B | $139.92B | $43.58B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 4 | 7 | 4 | 3 | 7 | 9 | 19 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 5.01% | 4.92% | 5.25% | 5.41% | 4.58% | 5.69% | 5.98% | 5.44% | 5.91% | 5.81% | 5.97% | 5.52% | 5.01% | 5.94% | 3.98% | 3.70% | 3.53% | 0.05% | 0.19% |
Gerdau's average Quarter revenue forecast for Jun 23 based on 1 analysts is $3.84B, with a low forecast of $3.84B, and a high forecast of $3.84B. GGB's average Quarter revenue forecast represents a -79.63% decrease compared to the company's last Quarter revenue of $18.87B (Mar 23).
Gerdau EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 4 | 7 | 4 | 3 | 7 | 9 | 19 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $5.21B | $3.12B | $5.14B | $6.39B | $5.58B | $4.59B | $8.49B | $6.45B | $4.25B | $2.66B | $1.98B | $1.34B | $1.02B | $2.65B | $887.04M | $1.50B | $1.37B | $2.14B | $1.31B |
| Avg Forecast | $578.94M | $681.48M | $657.47M | $638.88M | $595.57M | $656.28M | $647.22M | $680.48M | $664.21M | $723.10M | $820.37M | $804.19M | $779.35M | $859.10M | $906.10M | $947.02M | $807.86M | $760.21M | $750.07M | $590.24M | $500.32M | $436.72M | $338.29M | $392.92M | $489.55M | $532.30M | $585.88M | $605.86M | $44.20B | $7.09B |
| High Forecast | $578.94M | $681.48M | $657.47M | $638.88M | $595.57M | $656.28M | $647.22M | $680.48M | $664.21M | $723.10M | $820.37M | $804.19M | $779.35M | $859.10M | $906.10M | $947.02M | $807.86M | $760.21M | $750.07M | $590.24M | $500.32M | $436.72M | $338.29M | $392.92M | $489.55M | $532.30M | $585.88M | $605.86M | $53.05B | $8.51B |
| Low Forecast | $578.94M | $681.48M | $657.47M | $638.88M | $595.57M | $656.28M | $647.22M | $680.48M | $664.21M | $723.10M | $820.37M | $804.19M | $779.35M | $859.10M | $906.10M | $947.02M | $807.86M | $760.21M | $750.07M | $590.24M | $500.32M | $436.72M | $338.29M | $392.92M | $489.55M | $532.30M | $585.88M | $605.86M | $35.36B | $5.67B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 6.48% | 4.00% | 5.99% | 7.05% | 5.89% | 5.68% | 11.17% | 8.60% | 7.20% | 5.31% | 4.52% | 3.96% | 2.60% | 5.41% | 1.67% | 2.56% | 2.26% | 0.05% | 0.19% |
1 analysts predict GGB's average Quarter EBITDA for Jun 23 to be $820.37M, with a high of $820.37M and a low of $820.37M. This is -84.25% lower than Gerdau's previous annual EBITDA (Mar 23) of $5.21B.
Gerdau Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 4 | 7 | 4 | 3 | 7 | 9 | 19 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $3.21B | $1.21B | $3.01B | $4.28B | $2.92B | $3.56B | $5.59B | $3.92B | $2.47B | $1.05B | $785.54M | $315.27M | $216.63M | $1.06B | $285.63M | $369.54M | $449.00M | $815.34M | $8.70M |
| Avg Forecast | $258.48M | $254.63M | $274.69M | $250.90M | $221.01M | $239.05M | $172.84M | $12.87B | $199.73M | $324.50M | $483.80M | $11.81B | $8.43B | $523.60M | $20.60B | $703.55M | $666.27M | $653.97M | $624.31M | $11.99B | $140.08M | $95.17M | $-11.96M | $2.21B | $88.26M | $63.52M | $147.48M | $2.08B | $16.86B | $46.97M |
| High Forecast | $258.48M | $254.63M | $274.69M | $250.90M | $221.01M | $239.05M | $172.84M | $15.44B | $199.73M | $324.50M | $483.80M | $14.17B | $10.12B | $523.60M | $24.72B | $703.55M | $666.27M | $653.97M | $624.31M | $14.39B | $140.08M | $95.17M | $-11.96M | $2.66B | $88.26M | $63.52M | $147.48M | $2.50B | $20.23B | $56.37M |
| Low Forecast | $258.48M | $254.63M | $274.69M | $250.90M | $221.01M | $239.05M | $172.84M | $10.30B | $199.73M | $324.50M | $483.80M | $9.45B | $6.75B | $523.60M | $16.48B | $703.55M | $666.27M | $653.97M | $624.31M | $9.59B | $140.08M | $95.17M | $-11.96M | $1.77B | $88.26M | $63.52M | $147.48M | $1.67B | $13.49B | $37.58M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.27% | 0.14% | 5.75% | 0.21% | 4.16% | 5.34% | 8.55% | 6.27% | 0.21% | 7.48% | 8.25% | -26.36% | 0.10% | 11.97% | 4.50% | 2.51% | 0.22% | 0.05% | 0.19% |
Gerdau's average Quarter net income forecast for Jun 23 is $483.80M, with a range of $483.80M to $483.80M. GGB's average Quarter net income forecast represents a -84.91% decrease compared to the company's last Quarter net income of $3.21B (Mar 23).
Gerdau SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 4 | 7 | 4 | 3 | 7 | 9 | 19 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $538.04M | $622.23M | $555.07M | $516.01M | $494.31M | $632.62M | $527.47M | $476.38M | $469.49M | $483.35M | $370.21M | $306.45M | $370.38M | $483.35M | $364.59M | $351.96M | $361.31M | $439.49M | $643.89M |
| Avg Forecast | $84.91M | $99.95M | $96.43M | $93.70M | $87.35M | $96.25M | $94.92M | $2.45B | $97.42M | $106.05M | $120.32M | $2.24B | $114.30M | $126.09M | $2.48B | $138.99M | $118.57M | $111.57M | $110.09M | $2.28B | $73.43M | $64.10M | $49.65M | $57.67M | $71.85M | $78.12M | $85.99M | $1.68B | $9.09B | $3.48B |
| High Forecast | $84.91M | $99.95M | $96.43M | $93.70M | $87.35M | $96.25M | $94.92M | $2.93B | $97.42M | $106.05M | $120.32M | $2.69B | $114.30M | $126.09M | $2.98B | $138.99M | $118.57M | $111.57M | $110.09M | $2.73B | $73.43M | $64.10M | $49.65M | $57.67M | $71.85M | $78.12M | $85.99M | $2.01B | $10.90B | $4.17B |
| Low Forecast | $84.91M | $99.95M | $96.43M | $93.70M | $87.35M | $96.25M | $94.92M | $1.96B | $97.42M | $106.05M | $120.32M | $1.80B | $114.30M | $126.09M | $1.99B | $138.99M | $118.57M | $111.57M | $110.09M | $1.82B | $73.43M | $64.10M | $49.65M | $57.67M | $71.85M | $78.12M | $85.99M | $1.34B | $7.27B | $2.78B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.24% | 5.44% | 4.40% | 0.21% | 3.56% | 5.34% | 4.73% | 4.33% | 0.21% | 6.58% | 5.78% | 6.17% | 6.42% | 6.73% | 4.67% | 4.09% | 0.22% | 0.05% | 0.19% |
Gerdau's average Quarter SG&A projection for Jun 23 is $120.32M, based on 1 Wall Street analysts, with a range of $120.32M to $120.32M. The forecast indicates a -77.64% fall compared to GGB last annual SG&A of $538.04M (Mar 23).
Gerdau EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Mar 17 | Mar 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 4 | 7 | 4 | 3 | 7 | 9 | 19 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $1.83 | $0.66 | $1.70 | $2.39 | $1.63 | $2.09 | $3.28 | $2.30 | $1.45 | $0.62 | $0.46 | $0.19 | $0.13 | $0.06 | $0.17 | $0.22 | $0.26 | $0.48 | $0.01 |
| Avg Forecast | $0.12 | $0.12 | $0.13 | $0.12 | $0.10 | $0.11 | $0.08 | $0.10 | $0.09 | $0.15 | $0.23 | $0.22 | $0.20 | $0.25 | $0.33 | $0.33 | $0.32 | $0.31 | $0.30 | $0.14 | $0.07 | $0.05 | $-0.01 | $-0.03 | $0.04 | $0.03 | $0.07 | $0.06 | $-1.85 | $0.18 |
| High Forecast | $0.12 | $0.12 | $0.13 | $0.12 | $0.10 | $0.11 | $0.08 | $0.10 | $0.09 | $0.15 | $0.23 | $0.22 | $0.20 | $0.25 | $0.33 | $0.33 | $0.32 | $0.31 | $0.30 | $0.14 | $0.07 | $0.05 | $-0.01 | $-0.03 | $0.04 | $0.03 | $0.07 | $0.06 | $-1.50 | $0.18 |
| Low Forecast | $0.12 | $0.12 | $0.13 | $0.12 | $0.10 | $0.11 | $0.08 | $0.10 | $0.09 | $0.15 | $0.23 | $0.22 | $0.20 | $0.25 | $0.33 | $0.33 | $0.32 | $0.31 | $0.30 | $0.14 | $0.07 | $0.05 | $-0.01 | $-0.03 | $0.04 | $0.03 | $0.07 | $0.06 | $-2.22 | $0.14 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 8.49% | 3.35% | 6.86% | 7.30% | 4.89% | 6.63% | 10.60% | 7.78% | 10.61% | 9.37% | 10.21% | -33.56% | -3.85% | 1.44% | 5.65% | 3.15% | 4.09% | -0.26% | 0.06% |
According to 1 Wall Street analysts, Gerdau's projected average Quarter EPS for Jun 23 is $0.23, with a low estimate of $0.23 and a high estimate of $0.23. This represents a -87.45% decrease compared to GGB previous annual EPS of $1.83 (Mar 23).
Gerdau Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SCHN | Schnitzer Steel Industries | $33.20 | $215.00 | 547.59% | - |
| TX | Ternium | $33.48 | $50.00 | 49.34% | Buy |
| PKX | POSCO | $52.25 | $77.00 | 47.37% | Hold |
| GGB | Gerdau | $3.43 | $5.00 | 45.77% | Buy |
| MT | ArcelorMittal | $25.48 | $36.87 | 44.70% | Buy |
| NUE | Nucor | $144.68 | $150.11 | 3.75% | Hold |
| STLD | Steel Dynamics | $140.24 | $134.00 | -4.45% | Buy |
| RS | Reliance Steel & Aluminum | $309.03 | $277.50 | -10.20% | Buy |
| USAP | Universal Stainless & Alloy Products | $44.26 | $36.00 | -18.66% | Hold |