Thomson Reuters (TRI) Reports Q2 Earnings: What Key Metrics Have to Say

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Thomson Reuters (TRI) reported $1.74 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 5.7%. EPS of $0.85 for the same period compares to $0.84 a year ago.

The reported revenue represents a surprise of -0.11% over the Zacks Consensus Estimate of $1.74 billion. With the consensus EPS estimate being $0.80, the EPS surprise was +6.25%.

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:

  1. Revenues- Legal Professionals

    : $727 million versus the three-analyst average estimate of $730.29 million. The reported number represents a year-over-year change of +3.1%.

  2. Revenues- Corporates

    : $442 million compared to the $439.97 million average estimate based on three analysts. The reported number represents a change of +12.8% year over year.

  3. Revenues- Tax & Accounting Professionals

    : $250 million versus $246.45 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +9.2% change.

  4. Revenues- Reuters News

    : $205 million compared to the $207.02 million average estimate based on three analysts. The reported number represents a change of +5.7% year over year.

  5. Revenues- Global Print

    : $123 million versus the three-analyst average estimate of $121.57 million. The reported number represents a year-over-year change of -7.5%.

  6. Revenues- Eliminations

    : -$7 million versus the two-analyst average estimate of -$5.50 million. The reported number represents a year-over-year change of +16.7%.

  7. Adjusted EBITDA- Legal Professionals

    : $327 million versus $331.05 million estimated by three analysts on average.

  8. Adjusted EBITDA- Corporates

    : $163 million versus the three-analyst average estimate of $161.51 million.

  9. Adjusted EBITDA- Corporate costs

    : -$29 million versus -$36.90 million estimated by three analysts on average.

  10. Adjusted EBITDA- Reuters News

    : $51 million compared to the $44.43 million average estimate based on three analysts.

  11. Adjusted EBITDA- Global Print

    : $43 million compared to the $44.57 million average estimate based on three analysts.

  12. Adjusted EBITDA- Tax & Accounting Professionals

    : $91 million versus $93.54 million estimated by three analysts on average.