Suzano Future Growth

Future criteria checks 1/6

Suzano's earnings are forecast to decline at 2.4% per annum while its annual revenue is expected to grow at 8.8% per year. EPS is expected to decline by 3.8% per annum. Return on equity is forecast to be 18.8% in 3 years.

Key information

-2.4%

Earnings growth rate

-3.76%

EPS growth rate

Forestry earnings growth	25.8%
Revenue growth rate	8.8%
Future return on equity	18.82%
Analyst coverage	Good
Last updated	17 Oct 2025

Recent future growth updates

Suzano S.A. Just Beat EPS By 109%: Here's What Analysts Think Will Happen Next

Aug 10

Suzano S.A. Just Missed EPS By 44%: Here's What Analysts Think Will Happen Next

Oct 28

Recent updates

Critical Acquisitions And Improved Efficiencies Set The Stage For Impressive Earnings Growth

Nov 12 Strategic acquisitions and efficiency improvements at Ribas mill are expected to boost earnings and positively impact net margins.

Suzano S.A. Just Missed EPS By 44%: Here's What Analysts Think Will Happen Next

Oct 28

Earnings and Revenue Growth Forecasts

BOVESPA:SUZB3 - Analysts future estimates and past financials data (BRL Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	62,049	8,464	13,520	22,483	12
12/31/2026	56,975	8,001	9,726	21,520	14
12/31/2025	50,054	13,605	5,934	16,201	14
6/30/2025	51,299	7,826	5,995	20,240	N/A
3/31/2025	49,498	-949	6,601	21,968	N/A
12/31/2024	47,403	-7,074	4,071	20,604	N/A
9/30/2024	43,598	4,177	1,892	18,963	N/A
6/30/2024	40,272	220	-1,297	16,170	N/A
3/31/2024	37,938	9,063	-1,884	16,072	N/A
12/31/2023	39,756	14,085	-242	17,315	N/A
9/30/2023	43,754	17,034	1,491	18,742	N/A
6/30/2023	49,004	23,212	3,950	21,845	N/A
3/31/2023	51,364	18,314	5,397	21,345	N/A
12/31/2022	49,831	23,382	6,802	21,641	N/A
9/30/2022	46,931	18,236	7,379	20,309	N/A
6/30/2022	43,494	11,829	10,178	19,688	N/A
3/31/2022	41,819	21,688	11,209	19,180	N/A
12/31/2021	40,965	8,626	11,394	17,637	N/A
9/30/2021	37,508	12,231	11,457	17,190	N/A
6/30/2021	34,217	12,033	10,229	15,461	N/A
3/31/2021	32,369	-60	9,708	14,694	N/A
12/31/2020	30,460	-10,725	8,227	13,125	N/A
9/30/2020	29,496	-15,471	6,165	10,139	N/A
6/30/2020	28,625	-17,771	5,942	9,778	N/A
3/31/2020	27,295	-15,013	4,402	8,313	N/A
12/31/2019	26,013	-2,818	2,708	7,576	N/A
9/30/2019	22,193	-2,525	3,401	7,822	N/A
6/30/2019	19,599	829	2,104	6,085	N/A
3/31/2019	16,148	-1,713	N/A	4,994	N/A
12/31/2018	13,443	320	N/A	5,169	N/A
9/30/2018	13,416	-771	N/A	4,614	N/A
6/30/2018	12,006	137	N/A	4,329	N/A
3/31/2018	11,321	2,176	N/A	3,487	N/A
12/31/2017	10,581	1,821	N/A	3,067	N/A
9/30/2017	9,833	996	N/A	3,302	N/A
6/30/2017	9,411	248	N/A	3,016	N/A
3/31/2017	9,385	1,003	N/A	2,755	N/A
12/31/2016	9,839	1,678	N/A	3,076	N/A
9/30/2016	10,094	2,472	N/A	2,970	N/A
6/30/2016	10,906	1,460	N/A	2,911	N/A
3/31/2016	10,785	962	N/A	3,008	N/A
12/31/2015	10,162	-930	N/A	2,675	N/A
9/30/2015	9,692	-1,463	N/A	2,237	N/A
6/30/2015	8,686	-867	N/A	2,366	N/A
3/31/2015	8,012	-1,225	N/A	1,907	N/A
12/31/2014	7,265	-262	N/A	1,448	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SUZB3's earnings are forecast to decline over the next 3 years (-2.4% per year).

Earnings vs Market: SUZB3's earnings are forecast to decline over the next 3 years (-2.4% per year).

High Growth Earnings: SUZB3's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SUZB3's revenue (8.8% per year) is forecast to grow faster than the BR market (6.9% per year).

High Growth Revenue: SUZB3's revenue (8.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SUZB3's Return on Equity is forecast to be low in 3 years time (18.8%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/20 12:06
End of Day Share Price	2025/10/17 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Suzano S.A. is covered by 21 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Pedro Grimaldi	Barclays
Mary Cleia da Silva	BB Banco de Investimento S.A.
Caio Ribeiro	BofA Global Research

Suzano Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Suzano S.A. Just Beat EPS By 109%: Here's What Analysts Think Will Happen Next

Consensus EPS estimates upgraded to R$0.044 loss

Consensus EPS estimates upgraded to R$0.078 loss

Consensus EPS estimates fall from profit to R$0.12 loss

Consensus EPS estimates fall by 13%

Suzano S.A. Just Missed EPS By 44%: Here's What Analysts Think Will Happen Next

Recent updates

The Price Is Right For Suzano S.A. (BVMF:SUZB3)

New major risk - Revenue and earnings growth

Now 20% undervalued after recent price drop

New major risk - Financial position

Suzano S.A. Just Beat EPS By 109%: Here's What Analysts Think Will Happen Next

Slowing Rates Of Return At Suzano (BVMF:SUZB3) Leave Little Room For Excitement

Second quarter 2025 earnings: EPS and revenues exceed analyst expectations

Does Suzano (BVMF:SUZB3) Have A Healthy Balance Sheet?

Revenues Tell The Story For Suzano S.A. (BVMF:SUZB3)

Spinnova Oyj (HLSE:SPINN) signed non-binding term sheet to acquire Suzano Finland Oy from Suzano S.A. (BOVESPA:SUZB3) for €1.

Kimberly-Clark Reportedly Nears $3.5 Billion Sale of Global Tissue Business to Suzano

Now 20% undervalued after recent price drop

First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Insufficient new directors

Kimberly-Clark's $4 Billion International Tissue Unit Reportedly Set for Three-Way M&A Fight

Suzano's (BVMF:SUZB3) Returns On Capital Are Heading Higher

Suzano S.A., Annual General Meeting, Apr 25, 2025

Suzano S.A.'s (BVMF:SUZB3) P/S Still Appears To Be Reasonable

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Suzano S.A. to Report Q1, 2025 Results on May 08, 2025

Consensus EPS estimates upgraded to R$0.044 loss

Consensus EPS estimates upgraded to R$0.078 loss

These 4 Measures Indicate That Suzano (BVMF:SUZB3) Is Using Debt Extensively

Suzano S.A. to Report Q4, 2024 Results on Feb 12, 2025

Consensus EPS estimates fall from profit to R$0.12 loss

Dividend of R$2.02 announced

Consensus EPS estimates fall by 13%

Suzano (BVMF:SUZB3) Is Experiencing Growth In Returns On Capital

Critical Acquisitions And Improved Efficiencies Set The Stage For Impressive Earnings Growth

Suzano S.A. Just Missed EPS By 44%: Here's What Analysts Think Will Happen Next

New minor risk - Earnings quality

Consensus EPS estimates increase by 18%

Suzano S.A. (BOVESPA:SUZB3) acquired Pine Bluff and extrusion facility of Evergreen Packaging, LLC from Evergreen Packaging, LLC for $110 million.

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 15%

Consensus EPS estimates fall by 26%, revenue upgraded

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Suzano S.A. (BOVESPA:SUZB3) completed the acqusition of Timber VII SPE S.A from BTG Pactual Timberland Investment Group LLC.

Suzano S.A. to Report Q3, 2024 Results on Oct 23, 2024

Investor sentiment improves as stock rises 18%

Consensus EPS estimates fall by 15%, revenue upgraded

Suzano S.A. Approves Committee Changes

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates increase by 15%

Suzano S.A. to Report Q1, 2024 Results on May 09, 2024

Suzano S.A. Announces CEO Changes, Effective July 1, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Now 22% overvalued after recent price rise

Suzano S.A. to Report Q4, 2023 Results on Feb 28, 2024

Third quarter 2023 earnings released: R$0.57 loss per share (vs R$4.13 profit in 3Q 2022)

Consensus EPS estimates increase by 25%, revenue downgraded

New major risk - Earnings quality

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates increase by 13%

Consensus EPS estimates fall by 13%

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target decreased by 8.3% to R$61.07

Consensus EPS estimates increase by 11%

Full year 2022 earnings: EPS exceeds analyst expectations

Suzano S.A. to Report Q3, 2023 Results on Oct 26, 2023

Suzano S.A. to Report Q4, 2022 Results on Feb 28, 2023

Upcoming dividend of R$1.79 per share

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Consensus forecasts updated

Consensus forecasts updated

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity