Thomson Reuters Earnings Preview: Can This Streak Continue?

Thomson Reuters (NYSE:TRI) will report earnings before markets open on Tuesday, April 30th. Thomson Reuters Corporation is an electronic information and solutions company that serves the global business and professional marketplace. The Company provides proprietary online systems and CD-ROM products in information sectors such as legal and regulatory, financial, scientific reference and healthcare, and corporate training.

Here is your Cheat Sheet to Thomson Reuters Earnings:

Earnings Expectations: Analysts expect earnings of $0.32 per share on revenues of $3.15 billion. Currently, the company’s P/E ratio stands at 13.10.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.54 to a profit $0.47. For the current year, the average estimate is a profit of $1.82, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Thomson Reuters has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 11,710 13,000 13,070 13,810 13,280
Diluted EPS ($) 1.68 1.01 1.08 -1.67 2.49

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 3,577 3,354 3,309 3,216 3,399
Diluted EPS ($) -3.140 0.38 1.11 0.56 0.4486

Past Performance:
Thomson Reuters has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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