Thomson Reuters Earnings: Everything You Must Know Now

Thomson Reuters Corporation (NYSE:TRI) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Thomson Reuters Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 11.11% to $0.60 in the quarter versus EPS of $0.54 in the year-earlier quarter.

Revenue: Decreased 6.12% to $3.36 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Thomson Reuters Corporation reported adjusted EPS income of $0.60 per share. By that measure, the company beat the mean analyst estimate of $0.55. It missed the average revenue estimate of $3.37 billion.

Quoting Management: “2012 was a watershed year for us,” said James C. Smith, chief executive officer of Thomson Reuters.
“First and foremost, we achieved our targets for the full year for revenues, profit and free cash flow. Given the headwinds we faced in 2012, that performance reaffirmed just how strong this business really is.”

Key Stats (on next page)…

Revenue increased 4.42% from $3.22 billion in the previous quarter. EPS increased 11.11% from $0.54 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.45 and has not changed. For the current year, the average estimate is a profit of $2.06, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)