Get Premium Data for Cyber Monday: Up to 55% Off InvestingProCLAIM SALE

Thomson Reuters Q3 earnings surpass estimates, revenue slightly misses target

Published 01/11/2023, 18:00
© Reuters.
TRI
-

In the technology services sector, Thomson Reuters (NYSE:TRI) has reported its Q3 earnings, marking the fourth consecutive quarter of beating EPS estimates. The company posted earnings of $0.82 per share, a 20.59% surprise over the Zacks Consensus Estimate. This figure represents an increase from the Q3 earnings of $0.59 per share reported in the same period last year.

However, the company's Q3 2023 revenues of $1.59 billion fell slightly short of revenue estimates by 0.50%, narrowly surpassing last year's Q3 revenue of $1.57 billion. Investors are using tools such as the Zacks Rank to track changes in consensus earnings expectations and earnings estimate revisions.

The company's stock performance in the near future is anticipated to be influenced by management's commentary and its earnings outlook. Since the start of 2023, Thomson Reuters shares have seen a modest rise of 1.3%, trailing behind the S&P 500's gain of 9.2%.

InvestingPro Insights

Drawing from InvestingPro's real-time data, Thomson Reuters (TRI) has a substantial Market Cap of 55.82B USD, with an adjusted P/E ratio of 33.03 as of Q2 2023. The company's revenue for the same period stands at 6724M USD, reflecting a growth of 3.07% over the last twelve months. The Price / Book ratio, a key metric for valuation, is 5.01 as of Q2 2023.

InvestingPro Tips also shed light on the company's performance and strategies. The management's aggressive share buyback strategy is a significant factor to consider. Furthermore, Thomson Reuters has raised its dividend for three consecutive years and has maintained dividend payments for 35 years, reflecting a stable return for its shareholders. Despite a slowdown in revenue growth, analysts predict profitability for the company this year, reinforcing its strong financial standing.

For more in-depth analysis and additional tips, consider exploring the InvestingPro platform, which offers a wealth of knowledge on a wide range of companies.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.