Today we are reviewing Gerdau S.A., ticker symbol GGB. This steel stock is benefiting from Russian sanctions. Over the past 90 days, the Zacks Consensus Estimate for GGB’s full-year earnings has moved 14.6% higher. Analysts’ sentiments have increased, and the company’s earnings outlook is growing stronger.
GGB has returned 23% since the start of 2022, while Basic Materials stocks have gained an average of 12.6%. Gerdau is clearly performing better than its sector.
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