Suzano Q3 EPS $(0.12) Misses $(0.08) Estimate, Sales $1.83B Beat $1.55B Estimate
Portfolio Pulse from Happy Mohamed
Suzano (NYSE:SUZ) reported Q3 losses of $(0.12) per share, missing the analyst consensus estimate of $(0.08) by 50 percent. This is a 115.19 percent decrease over earnings of $0.79 per share from the same period last year. The company reported quarterly sales of $1.83 billion, beating the analyst consensus estimate of $1.55 billion by 18.26 percent. This is a 32.39 percent decrease over sales of $2.71 billion the same period last year.
October 26, 2023 | 9:23 pm
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Suzano's Q3 earnings per share missed estimates by 50% and sales beat estimates by 18.26%. Both earnings and sales are down year over year.
Suzano's Q3 earnings per share missed the consensus estimate by 50%, indicating a weaker than expected profitability. This, combined with the year over year decrease in earnings and sales, could negatively impact investor sentiment and put downward pressure on the stock price in the short term.
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