Analyst 52W Price Targets
$8.64Current
$11Low
$12.2Average
$13.4High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Suzano S.A. · SUZ · FY2024 Q1 · Calendar Q2 2024
Suzano: Volumes Rose, but EBITDA Fell as Cerrado Nears Ramp-Up
Suzano's volume growth, stable cash costs, and progress on the Cerrado project support a constructive operating trajectory, but the 35% EBITDA decline, 3.5x leverage, backlog, and ramp-up demands keep the near-term picture mixed.
Reported After market closeNYSEBasic Materials
$10.65B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.03
Consensus —
EPS surprise
—
Reported versus consensus
Reported revenue
$1.87B
Consensus —
Revenue surprise
—
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-2.9%
Event window
SPY move
+0.1%
Same window
Abnormal move
-3.0%
Stock minus SPY
Volume
2.4×
Versus trailing sessions
Subsequent drift
-7.3%
Up to 20 sessions
SUZSPY benchmark
Ask FN2 about SUZ FY2024 Q1
Transcript, numbers and history already loaded
What drove SUZ's -2.9% move after FY2024 Q1 earnings?What changed in SUZ's guidance and outlook in FY2024 Q1?Give me the bull and bear case for SUZ after FY2024 Q1 earnings.
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Transcript intelligence
What changed
Volumes increased 3% year over year, but EBITDA declined 35% year over year as lower prices and seasonality offset higher exports. Cerrado reached 94% physical completion, while inventory rebuilding remained incomplete and the shipment and invoicing backlog exceeded 70 days.
Guidance delta
Maintained; management emphasized stable cash costs through 2024 and continued disciplined capital allocation.
Key takeaways
- Q1 2024 volumes increased 3% year over year, while EBITDA decreased 35% year over year on lower prices and seasonality.
- Cash production cost was BRL 812 per ton, and net leverage reached 3.5x EBITDA.
- Cerrado was 94% physically complete, with management targeting ramp-up within nine months.
- Demand recovery in Europe and North America, price increases, and inventory rebuilding were central to management's outlook.
Management priorities
- Complete the Cerrado ramp-up and add low-cost pulp capacity.
- Rebuild inventories and reduce the international shipment and invoicing backlog.
- Maintain capital-allocation discipline while pursuing selective growth opportunities.
- Support stable cash costs through incremental operating improvements.
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Named analyst price targets
Upside is calculated against the persisted current price $8.64. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Jefferies | Francisco Barbosa | $13.4 | $9.45 | +55.1% | Feb 5, 2026 |
| Bradesco | Thiago Lofiego | $11 | $9.71 | +27.3% | Aug 24, 2022 |
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Start freeCompany context
Snapshot as of publicationSuzano S.A. is a prominent global producer and seller of eucalyptus pulp and paper products, with operations extending internationally from its base in Brazil. Its core business is structured around distinct Pulp and Paper segments. The company's extensive product portfolio includes various types of paper, such as coated and uncoated printing and writing papers, paperboards, and tissue products. Additionally, Suzano supplies market and fluff pulps, along with lignin and its byproducts. Beyond these traditional offerings, Suzano maintains a diverse range of other ventures. These encompass the research, development, and production of biofuel, the operation of port terminals, and involvement in power generation and distribution.…
Historical context
All SUZ earningsBasic Materials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| CRS Carpenter Technology Corporation | FY2027 Q1 · Calendar Q4 2026 | +6.9% | -20.6% | CRS: Aerospace Bookings Accelerate as Guidance Holds |
| DOW Dow Inc. | FY2026 Q3 · Calendar Q4 2026 | +11.3% | +4.7% | Dow’s Q3 growth and self-help gains support a steady Q4 outlook |
| NEM Newmont Corporation | FY2026 Q3 · Calendar Q4 2026 | +12.2% | -2.6% | Newmont Holds 2026 Guidance as Projects Set Up 2027 Growth |
| SCCO Southern Copper Corporation | FY2026 Q3 · Calendar Q4 2026 | +6.4% | -2.1% | Southern Copper: Record Q3 results, projects advance amid execution risks |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-11T06:39:45.180704+00:00
- Polygon adjusted daily market bars · 2026-10-26T01:40:42.879737+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T01:40:42.876704+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.