Thomson Reuters (TRI) Beats Both Q2 Earnings and Revenues
Thomson Reuters Corporation TRI, is a leading provider of value-added information and technology to users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare.
The company has an outstanding earnings track record, and has delivered an average positive earnings surprise of 9.22% in the last four trailing quarters, beating estimates all through.
Earnings: Earnings beat. Thomson Reuters reported adjusted earnings per share (EPS) of 60 cents, which beat the Zacks Consensus Estimate of 51 cents.
Thomson Reuters Corp Price and EPS Surprise
Thomson Reuters Corp Price and EPS Surprise | Thomson Reuters Corp Quote
Revenues: Revenues beat. Thomson Reuters generated revenue of $2,782 million, beating the Zacks Consensus Estimate of $2,780 million.
Key Stats to Note: The company raised its outlook for 2017. For the full year 2017, it expects low single-digit revenue growth and adjusted EPS is likely to be in the range $2.40 - $2.45 per share, up from the earlier expectation of $2.35. Adjusted EBITDA margin is expected in the range 29.3% - 30.3%, from the earlier expectation of 28.8% - 29.8%.
Zacks Rank: Currently, TRI carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.
Stock Price: TRI’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Thomson Reuters’s earnings report!
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