Thomson Reuters Corp (NYSE: TRI) has reported E.P.S. of $1.03 for its first fiscal quarter (ending March 31) versus $1.56 for the same period a year ago — a decline of -34%. Relative to the consensus estimate of $1.02, this was a premium of $0.01. For the latest four quarters through March 31, E.P.S. were $5.16 versus $2.33 for the same period a year ago — an increase of 121%.
Recent Price Action
Thomson Reuters Corp (NYSE: TRI) stock enjoyed a very large increase of 7.6% on 5/2/24. The shares closed at $162.96. Moreover, trading volume in this advance was exceptionally high at 476% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TRI is expected to continue to be a major Value Builder.
Thomson Reuters has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Thomson Reuters has a very low Appreciation Score of 9 but a good Power Rating of 76, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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