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Gear Up for Thomson Reuters (TRI) Q3 Earnings: Wall Street Estimates for Key Metrics
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The upcoming report from Thomson Reuters (TRI - Free Report) is expected to reveal quarterly earnings of $0.89 per share, indicating an increase of 3.5% compared to the year-ago period. Analysts forecast revenues of $1.91 billion, representing an increase of 7.1% year over year.
Over the last 30 days, there has been a downward revision of 3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions 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.
With that in mind, let's delve into the average projections of some Thomson Reuters metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Revenues- Legal Professionals' will reach $784.81 million. The estimate points to a change of +7.8% from the year-ago quarter.
Analysts' assessment points toward 'Revenues- Tax, Audit & Accounting Professionals' reaching $276.64 million. The estimate suggests a change of +10.2% year over year.
It is projected by analysts that the 'Revenues- Global Print' will reach $117.49 million. The estimate indicates a change of -5.3% from the prior-year quarter.
The average prediction of analysts places 'Revenues- Reuters' at $211.40 million. The estimate indicates a year-over-year change of +2.1%.
The collective assessment of analysts points to an estimated 'Revenues- Corporates' of $523.81 million. The estimate points to a change of +9.6% from the year-ago quarter.
The combined assessment of analysts suggests that 'Adjusted EBITDA- Legal Professionals' will likely reach $368.78 million. The estimate is in contrast to the year-ago figure of $354.00 million.
Based on the collective assessment of analysts, 'Adjusted EBITDA- Corporates' should arrive at $190.70 million. Compared to the current estimate, the company reported $174.00 million in the same quarter of the previous year.
Analysts forecast 'Adjusted EBITDA- Reuters' to reach $38.89 million. The estimate is in contrast to the year-ago figure of $42.00 million.
The consensus among analysts is that 'Adjusted EBITDA- Global Print' will reach $41.54 million. The estimate is in contrast to the year-ago figure of $46.00 million.
Analysts expect 'Adjusted EBITDA- Tax, Audit & Accounting Professionals' to come in at $84.66 million. The estimate is in contrast to the year-ago figure of $78.00 million.
Shares of Thomson Reuters have experienced a change of +19.3% in the past month compared to the +0.9% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), TRI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Gear Up for Thomson Reuters (TRI) Q3 Earnings: Wall Street Estimates for Key Metrics
The upcoming report from Thomson Reuters (TRI - Free Report) is expected to reveal quarterly earnings of $0.89 per share, indicating an increase of 3.5% compared to the year-ago period. Analysts forecast revenues of $1.91 billion, representing an increase of 7.1% year over year.
Over the last 30 days, there has been a downward revision of 3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions 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.
With that in mind, let's delve into the average projections of some Thomson Reuters metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Revenues- Legal Professionals' will reach $784.81 million. The estimate points to a change of +7.8% from the year-ago quarter.
Analysts' assessment points toward 'Revenues- Tax, Audit & Accounting Professionals' reaching $276.64 million. The estimate suggests a change of +10.2% year over year.
It is projected by analysts that the 'Revenues- Global Print' will reach $117.49 million. The estimate indicates a change of -5.3% from the prior-year quarter.
The average prediction of analysts places 'Revenues- Reuters' at $211.40 million. The estimate indicates a year-over-year change of +2.1%.
The collective assessment of analysts points to an estimated 'Revenues- Corporates' of $523.81 million. The estimate points to a change of +9.6% from the year-ago quarter.
The combined assessment of analysts suggests that 'Adjusted EBITDA- Legal Professionals' will likely reach $368.78 million. The estimate is in contrast to the year-ago figure of $354.00 million.
Based on the collective assessment of analysts, 'Adjusted EBITDA- Corporates' should arrive at $190.70 million. Compared to the current estimate, the company reported $174.00 million in the same quarter of the previous year.
Analysts forecast 'Adjusted EBITDA- Reuters' to reach $38.89 million. The estimate is in contrast to the year-ago figure of $42.00 million.
The consensus among analysts is that 'Adjusted EBITDA- Global Print' will reach $41.54 million. The estimate is in contrast to the year-ago figure of $46.00 million.
Analysts expect 'Adjusted EBITDA- Tax, Audit & Accounting Professionals' to come in at $84.66 million. The estimate is in contrast to the year-ago figure of $78.00 million.
View all Key Company Metrics for Thomson Reuters here>>>Shares of Thomson Reuters have experienced a change of +19.3% in the past month compared to the +0.9% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), TRI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .