Analyst 52W Price Targets
$8.69Current
$11Low
$12.2Average
$13.4High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 26, 2026. Not an FN2 forecast.
Suzano S.A. · SUZ · FY2025 Q4 · Calendar Q1 2026
Suzano: record pulp volumes, lowest cash costs since 2021, ~20% capex cut
Management exited FY2025 with a confident posture built on record pulp volumes, the lowest cash cost since 2021 (BRL 778/t), and a nearly 20% cut to 2026 capex. The narrative centers on supply-side tightening (Indonesia forestry permit revocations and delayed new capacity) supporting pulp prices, execution of the K-C joint-venture carve-out by mid-2026, and continued shareholder returns via a ~2% dividend yield, a completed 15M-share buyback and a new 40M-share program. The market validated the print with a roughly +13.5% move versus a flat benchmark on elevated volume, though a subsequent drift of about -9% tempers the read-through; upside now rests on disciplined cost execution and delivery of JV value.
Reported After market closeNYSEBasic Materials
$10.74B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.02
Consensus $-0.09
EPS surprise
+123.0%
Reported versus consensus
Reported revenue
$2.53B
Consensus $2.30B
Revenue surprise
+10.1%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+13.5%
Event window
SPY move
-0.0%
Same window
Abnormal move
+13.5%
Stock minus SPY
Volume
3.5×
Versus trailing sessions
Subsequent drift
-9.2%
Up to 20 sessions
SUZSPY benchmark
Ask FN2 about SUZ FY2025 Q4
Transcript, numbers and history already loaded
Why did SUZ rise 13.5% after beating EPS estimates in FY2025 Q4?What changed in SUZ's guidance and outlook in FY2025 Q4?Give me the bull and bear case for SUZ after FY2025 Q4 earnings.
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Transcript intelligence
What changed
Suzano beat consensus, posting EPS of $0.02 versus an estimated -$0.0869 (+123% surprise) and revenue of $2.528B versus $2.297B estimated (+10%). It reported record pulp shipments and strong paper and packaging volumes, with pulp cash cost falling to BRL 778/t, the lowest since 2021. The company cut 2026 capex by nearly 20% year-on-year, announced the closure of the highest-cost Rio Verde paper mill, and reiterated the mid-2026 K-C JV carve-out timing while launching a new 40M-share buyback.
Guidance delta
Guidance was maintained. Management reiterated a 2026 cash-cost target around BRL 780/t for pulp and reduced 2026 capex by nearly 20% year-on-year while keeping strategic investments. The refreshed buyback program of 40M shares was noted alongside ongoing deleveraging.
Key takeaways
- Record pulp volumes and strong paper/packaging shipments in Q4 2025
- Cash cost of pulp fell to BRL 778/t, the lowest since 2021, with a similar 2026 target
- 2026 capex cut nearly 20% year-on-year while strategic investments are maintained
- Shareholder returns include ~2% dividend yield, a completed 15M share buyback and a new 40M share program
- Supply-side constraints from Indonesia and delayed new capacity support pulp pricing
Management priorities
- Finalize the K-C JV carve-out by mid-2026 and begin value-creation initiatives
- Complete Rio Verde mill closure and reallocate volume to Limeira and Suzano mills
- Hold cash-cost targets near BRL 780/t for 2026 and reduce total disbursement
- Maintain disciplined capex focused on sustaining assets and logistics
- Execute the share buyback opportunistically while pursuing deleveraging
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Named analyst price targets
Upside is calculated against the persisted current price $8.69. 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 | +54.2% | Feb 5, 2026 |
| Bradesco | Thiago Lofiego | $11 | $9.71 | +26.6% | Aug 24, 2022 |
Track every rating change on SUZ the moment it posts. Free to start.
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 |
|---|---|---|---|---|
| HMY Harmony Gold Mining Company Limited | FY2026 Q4 · Calendar Q3 2026 | 0.0% | -6.2% | Harmony Gold posts record FY2026 while Eva Copper risks remain |
Latest beats and misses
Who reports nextBeat on EPS
- SNXFY2026 Q3 · September 24, 2026+20.9% EPS-9.9% move
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- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-26T01:41:02.670670+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-26T01:41:02.667794+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 2026-09-26. For educational purposes only; not investment advice.