Gerdau (GGB) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.77
- Estimate
- $1.00
- Surprise
- -22.8%
- Score at report (before → after)
- 6.2 → 6.0/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Gerdau (GGB) missed the $1.00 estimate with adjusted EPS of $0.77 — a large 22.8% shortfall. TrendMatrix's engine moved from Buy (Wait) (6.2/10) to Sell at 6.0/10 after the report.
Coverage in the report window
- Gerdau S.A. Reports Third Quarter 2026 Financial Results — fiscal.ai, 2026-10-27
- Gerdau Q3 EPS $0.15 Misses $0.18 Estimate, Sales $3.636B Beat $3.590B Estimate — benzinga, 2026-10-26
Where TrendMatrix's rating stands now
TrendMatrix currently rates GGB Sell at 5.7/10.
0 of the last 4 quarters beat the estimate; this quarter's -22.8% surprise compares with a -21.9% four-quarter average.
What supports the rating
- Attractive valuation
- Positive insider activity
What argues against it
- Commodity cycle peak: fwd P/E 7.5× (below 12) + fwd/trail 0.32× (below 0.55). EPS just expanded off a commodity-price surge — forward estimate may be built on stale spot, mean-reversion risk unpriced.
- Analyst target reached - limited upside remaining
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.8)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $4.80
- Price target
- $4.81
- Stop
- $4.46
- Upside to target
- +0.2%
- Reward-to-risk
- 0.0:1
The stock trades at 23.8× trailing but 7.5× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-27 — shown for context, not personalized investment advice.
GGB at TrendMatrix's latest read
Materials producers report against the commodity cycle — realized-price capture and volume, not the EPS line, are the tells in a quarter like this.
- Industry
- Steel
- Market cap
- $9.32B
- P/E (fwd)
- 7.5
- P/E (ttm)
- 23.8
- 52-week range
- $3.14–$5.48
- Off 52-week high
- 12.4%
- RSI (14)
- 42
- Volume vs avg
- 0.06×
- Score today
- 5.7/10