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Thomson Reuters (TRI) Reports Q1 Earnings: What Key Metrics Have to Say
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Thomson Reuters (TRI - Free Report) reported $1.89 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 8.5%. EPS of $1.11 for the same period compares to $0.85 a year ago.
The reported revenue represents a surprise of +1.95% over the Zacks Consensus Estimate of $1.85 billion. With the consensus EPS estimate being $0.94, the EPS surprise was +18.09%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Thomson Reuters performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Legal Professionals: $721 million versus the three-analyst average estimate of $726.40 million. The reported number represents a year-over-year change of +1%.
Revenues- Tax & Accounting Professionals: $328 million versus the three-analyst average estimate of $316.50 million. The reported number represents a year-over-year change of +16.3%.
Revenues- Global Print: $124 million compared to the $127.48 million average estimate based on three analysts. The reported number represents a change of -10.1% year over year.
Revenues- Reuters News: $210 million versus $204.92 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +20% change.
Revenues- Corporates: $507 million compared to the $477.69 million average estimate based on three analysts. The reported number represents a change of +16.6% year over year.
Adjusted EBITDA- Legal Professionals: $342 million versus the three-analyst average estimate of $324.53 million.
Adjusted EBITDA- Corporates: $193 million compared to the $168.40 million average estimate based on three analysts.
Adjusted EBITDA- Corporate costs: -$17 million compared to the -$29.78 million average estimate based on three analysts.
Adjusted EBITDA- Reuters News: $60 million compared to the $48.36 million average estimate based on three analysts.
Adjusted EBITDA- Global Print: $47 million compared to the $44.48 million average estimate based on three analysts.
Adjusted EBITDA- Tax & Accounting Professionals: $181 million compared to the $164.85 million average estimate based on three analysts.
Shares of Thomson Reuters have returned -0.6% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Thomson Reuters (TRI) Reports Q1 Earnings: What Key Metrics Have to Say
Thomson Reuters (TRI - Free Report) reported $1.89 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 8.5%. EPS of $1.11 for the same period compares to $0.85 a year ago.
The reported revenue represents a surprise of +1.95% over the Zacks Consensus Estimate of $1.85 billion. With the consensus EPS estimate being $0.94, the EPS surprise was +18.09%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Thomson Reuters performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Legal Professionals: $721 million versus the three-analyst average estimate of $726.40 million. The reported number represents a year-over-year change of +1%.
- Revenues- Tax & Accounting Professionals: $328 million versus the three-analyst average estimate of $316.50 million. The reported number represents a year-over-year change of +16.3%.
- Revenues- Global Print: $124 million compared to the $127.48 million average estimate based on three analysts. The reported number represents a change of -10.1% year over year.
- Revenues- Reuters News: $210 million versus $204.92 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +20% change.
- Revenues- Corporates: $507 million compared to the $477.69 million average estimate based on three analysts. The reported number represents a change of +16.6% year over year.
- Adjusted EBITDA- Legal Professionals: $342 million versus the three-analyst average estimate of $324.53 million.
- Adjusted EBITDA- Corporates: $193 million compared to the $168.40 million average estimate based on three analysts.
- Adjusted EBITDA- Corporate costs: -$17 million compared to the -$29.78 million average estimate based on three analysts.
- Adjusted EBITDA- Reuters News: $60 million compared to the $48.36 million average estimate based on three analysts.
- Adjusted EBITDA- Global Print: $47 million compared to the $44.48 million average estimate based on three analysts.
- Adjusted EBITDA- Tax & Accounting Professionals: $181 million compared to the $164.85 million average estimate based on three analysts.
View all Key Company Metrics for Thomson Reuters here>>>Shares of Thomson Reuters have returned -0.6% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.