Analysts on Wall Street project that Thomson Reuters (TRI) will announce quarterly earnings of $0.96 per share in its forthcoming report, representing an increase of 9.1% year over year. Revenues are projected to reach $1.91 billion, increasing 7.3% from the same quarter last year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Thomson Reuters metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Revenues- Legal Professionals' to reach $771.46 million. The estimate points to a change of +8.8% from the year-ago quarter.
Analysts' assessment points toward 'Revenues- Tax & Accounting Professionals' reaching $309.66 million. The estimate points to a change of +11.8% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenues- Global Print' of $107.73 million. The estimate indicates a year-over-year change of -5.5%.
Based on the collective assessment of analysts, 'Revenues- Reuters News' should arrive at $222.36 million. The estimate indicates a year-over-year change of +2%.
Analysts expect 'Revenues- Corporates' to come in at $518.58 million. The estimate indicates a change of +9.9% from the prior-year quarter.
According to the collective judgment of analysts, 'Adjusted EBITDA- Legal Professionals' should come in at $369.97 million. Compared to the present estimate, the company reported $339.00 million in the same quarter last year.
The average prediction of analysts places 'Adjusted EBITDA- Corporates' at $187.97 million. The estimate compares to the year-ago value of $169.00 million.
It is projected by analysts that the 'Adjusted EBITDA- Reuters News' will reach $44.38 million. The estimate compares to the year-ago value of $45.00 million.
The consensus among analysts is that 'Adjusted EBITDA- Global Print' will reach $40.11 million. Compared to the current estimate, the company reported $41.00 million in the same quarter of the previous year.
Analysts predict that the 'Adjusted EBITDA- Tax & Accounting Professionals' will reach $124.03 million. The estimate compares to the year-ago value of $113.00 million.
View all Key Company Metrics for Thomson Reuters here>>>Over the past month, Thomson Reuters shares have recorded returns of +10.8% versus the Zacks S&P 500 composite's -0.5% change. Based on its Zacks Rank #2 (Buy), TRI will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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