Reported Wednesday, Suzano Q4 EPS $0.70 Beats $0.69 Estimate, Sales $2.09B Beat $1.98B Estimate
Portfolio Pulse from Benzinga Newsdesk
Suzano (NYSE:SUZ) reported Q4 earnings of $0.70 per share, surpassing the $0.69 estimate, with sales of $2.09B exceeding the $1.98B estimate. However, this represents a decrease from the previous year's earnings and sales.
February 29, 2024 | 11:25 am
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Suzano reported higher-than-expected Q4 earnings and sales, but both metrics show a decrease from the previous year.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-over-year decrease in both earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100