Gerdau stock gained 4.16 percent above the 200-day line
Published on 10/04/2026 at 17:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Gerdau (ISIN US3737371050) stock closed at USD 5.01 on the NYSE on October 2, 2026, after gaining 4.16 percent and reaching an intraday high of USD 5.04. MarketBeat reported on October 3, 2026, that the shares moved above the 200-day average of USD 4.50. The price action puts operating results and analyst expectations back at the center of the GGB story.
Q2 revenue topped consensus
Gerdau's latest reported quarter delivered USD 3.45 billion in revenue against analyst consensus of USD 3.41 billion, while earnings per share came in at USD 0.15 versus USD 0.15 expected. MarketBeat identified the figures as the company's quarterly results reported on August 4, 2026. Revenue therefore exceeded the cited consensus by USD 40 million, while EPS matched expectations.
The earnings call for Q2 2026 added an operating dimension. SquawkNews reported that North American shipments rose 7 percent year over year and adjusted EBITDA in the region increased 15 percent from Q1 2026. Consolidated adjusted EBITDA reached BRL 3.4 billion, described in the call as the strongest quarterly level since Q3 2023.
Analysts remain divided
The consensus picture is less decisive than the chart move. MarketBeat lists nine covering analysts: six Hold ratings, two Buy ratings and one Strong Buy rating. The average 12-month target is USD 5.575, which lies 11.3 percent above the October 2 price of USD 5.01.
JPMorgan raised its target from USD 6.00 to USD 6.50 and kept an Overweight rating in a September 4, 2026, report, while the same MarketBeat report noted downgrades by Goldman Sachs, Itau BBA and HSBC. That split leaves the stock with a stronger technical signal than its average analyst label.
Gerdau stock holds above USD 5
Gerdau stock closed at USD 5.01 on October 2, 2026, with 19,415,021 shares traded. Its 52-week range was USD 3.13 to USD 5.18, and market capitalization stood at USD 9.9 billion on the same date. The combination of a 4.16 percent session gain, a Q2 revenue beat and a Hold consensus gives investors three distinct reference points for assessing the steel producer.
Gerdau stock facts
- Company: Gerdau S.A.
- ISIN: US3737371050
- Ticker: GGB
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 5.01 (Closing price (October 2, 2026))
- Market capitalization: USD 9.9 billion (as of October 2, 2026)
- 52-week range: USD 3.13-5.18 (as of October 2, 2026)
- Sector / Industry: Basic Materials / Steel
