• Gerdau SA GGB.N reported quarterly adjusted earnings of 37 centavos​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 58 centavos. The mean expectation of two analysts for the quarter was for earnings of 63 centavos per share. Wall Street expected results to range from 60 centavos to 65 centavos per share.

• Revenue was R$17.38 billion​; analysts expected R$16.91 billion.

• Gerdau SA's reported EPS for the quarter was 37 centavos​.

• The company reported quarterly net income of R$757.8 million.

• Gerdau SA shares had fallen by 6.3% this quarter and lost 7.6% so far this year.

FORECAST CHANGES

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the iron & steel peer group is also "hold"

• Wall Street's median 12-month price target for Gerdau SA is $4.00

This summary was machine generated from LSEG data April 29 at 01:04 a.m. UTC. ​All figures in Brazilian reais unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)