We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Thomson Reuters (TRI) Q4 Earnings: What Awaits the Stock?
Read MoreHide Full Article
Thomson Reuters Corporation (TRI - Free Report) is slated to report fourth-quarter 2016 results before the market opens on Feb 9. In the previous quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 6 cents.
Notably, in the trailing four quarters, the company surpassed the Zacks Consensus Estimate on every occasion with a positive earnings surprise of 8.93%. However, it remains to be seen if Thomson Reuters will be able to keep its positive earnings surprise alive this time.
Let’s see how things are shaping up for this announcement.
Zacks Model Shows Unlikely Earnings Beat
Our proven model does not conclusively show that Thomson Reuters is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen.
Thomson Reuters has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 58 cents. The company carries a Zacks Rank #4 (Sell), which when combined with ESP of 0.00% makes a surprise prediction difficult. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
During the quarter, the company unveiled Checkpoint Engage, its next-generation online audit solution to help auditors streamline their audit workflow more efficiently. Also, it introduced many other solutions for its customers to help make their work simpler and improve their output quality. Such enhancements are likely to have an impact in the company’s bottom-line in the yet to-be-reported quarter.
Management remains optimistic about the company’s future performance, given its constant endeavors to implement core strategies and progress toward achieving its financial goals. We believe that its cost-containment efforts, share buyback plan and impressive performance of the underlying subscription revenues (which account for most of the total revenue) bode well. On the other hand, adverse currency fluctuations may play a spoilsport in the quarter to be reported.
The company’s core subscription businesses continued to perform well and it is encouraging to see its Financial business reporting positive organic revenue growth. The company has been working tirelessly to achieve its earnings target for 2017. The company also intends to keep improving its free cash flow per share. Further, the company aims to boost its organic growth via strategic investments in its highest growth market.
Stocks Poised to Beat Earnings Estimates
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
BP p.l.c. (BP - Free Report) has an Earnings ESP of +12.50% and a Zacks Rank #3.
Allergan plc has an Earnings ESP of +1.58% and a Zacks Rank #3.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Thomson Reuters (TRI) Q4 Earnings: What Awaits the Stock?
Thomson Reuters Corporation (TRI - Free Report) is slated to report fourth-quarter 2016 results before the market opens on Feb 9. In the previous quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 6 cents.
Notably, in the trailing four quarters, the company surpassed the Zacks Consensus Estimate on every occasion with a positive earnings surprise of 8.93%. However, it remains to be seen if Thomson Reuters will be able to keep its positive earnings surprise alive this time.
Let’s see how things are shaping up for this announcement.
Zacks Model Shows Unlikely Earnings Beat
Our proven model does not conclusively show that Thomson Reuters is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen.
Thomson Reuters has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 58 cents. The company carries a Zacks Rank #4 (Sell), which when combined with ESP of 0.00% makes a surprise prediction difficult. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Thomson Reuters Corp Price and EPS Surprise
Thomson Reuters Corp Price and EPS Surprise | Thomson Reuters Corp Quote
Factors Influencing This Quarter
During the quarter, the company unveiled Checkpoint Engage, its next-generation online audit solution to help auditors streamline their audit workflow more efficiently. Also, it introduced many other solutions for its customers to help make their work simpler and improve their output quality. Such enhancements are likely to have an impact in the company’s bottom-line in the yet to-be-reported quarter.
Management remains optimistic about the company’s future performance, given its constant endeavors to implement core strategies and progress toward achieving its financial goals. We believe that its cost-containment efforts, share buyback plan and impressive performance of the underlying subscription revenues (which account for most of the total revenue) bode well. On the other hand, adverse currency fluctuations may play a spoilsport in the quarter to be reported.
The company’s core subscription businesses continued to perform well and it is encouraging to see its Financial business reporting positive organic revenue growth. The company has been working tirelessly to achieve its earnings target for 2017. The company also intends to keep improving its free cash flow per share. Further, the company aims to boost its organic growth via strategic investments in its highest growth market.
Stocks Poised to Beat Earnings Estimates
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Suncor Energy Inc. (SU - Free Report) has an Earnings ESP of +9.52% and a Zacks Rank #1.You can see the complete list of today’s Zacks #1 Rank stocks here.
BP p.l.c. (BP - Free Report) has an Earnings ESP of +12.50% and a Zacks Rank #3.
Allergan plc has an Earnings ESP of +1.58% and a Zacks Rank #3.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>