Gerdau ADR drops as market digests EPS miss despite stronger Q1 EBITDA and dividend
GGB•Gerdau’s ADR (GGB) is sliding as investors digest its late-April Q1 2026 report, where EPS missed expectations despite higher adjusted EBITDA and margin improvement. The pullback also coincides with a broader cooling in steel pricing indicators after a recent run-up in steel equities.
1) What’s moving the stock
Gerdau S.A.’s U.S.-listed ADR (GGB) is down about 3.39% to $4.37 as traders reposition after the company’s late-April Q1 2026 update showed a mixed earnings picture: profitability improved at the operating level, but earnings per share came in below expectations, a setup that often triggers near-term profit-taking even when headline operational metrics look better. (investing.com)
