- Adjusted EPS of 85 cents, beating estimates of 82 cents.
- Revenue of $1.74 billion, slightly below the estimate of $1.75 billion.
- Legal Professionals Revenue was $727 million, below the estimate of $739.9 million.
- Corporates Revenue came in at $442 million, exceeding the estimate of $434.3 million.
- Tax & Accounting Professionals Revenue was $250 million, over the estimate of $249.2 million.
- Reuters News Revenue amounted to $205 million, slightly above the estimate of $204.9 million.
- Global Print Revenue was $123 million, just under the estimate of $123.9 million.
- Adjusted EBITDA was $646 million, marginally below the estimate of $650.7 million.
- Legal Professionals Adjusted EBITDA was $327 million, underperforming the estimate of $337.2 million.
- Corporates Adjusted EBITDA matched expectations at $163 million.
- Tax & Accounting Professionals Adjusted EBITDA was $91 million, below the estimate of $94 million.
- Reuters News Adjusted EBITDA was $51 million, surpassing the estimate of $44.2 million.
- Global Print Adjusted EBITDA was $43 million, slightly below the estimate of $43.6 million.
- Adjusted EBITDA margin stood at 37.1%, in line with estimates.
- Based on Q2 performance, the company raised its full-year 2024 outlook for total and organic revenue growth to the high end of prior ranges.
- The company expects third-quarter 2024 organic revenue growth to be approximately 6% and an adjusted EBITDA margin of roughly 34%.
- Analyst ratings: 4 buys, 11 holds, and 3 sells.
A look at Thomson Reuters Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Thomson Reuters Corporation, a provider of business information services, is anticipated to have a positive long-term outlook based on the Smartkarma Smart Scores. With a solid momentum score of 4, the company is showing strong performance in the market, indicating favorable growth potential in the future. Additionally, Thomson Reuters scored a 3 in Growth, showcasing a promising trajectory for expansion and development within its sector.
While the company received average scores of 2 in Value, Dividend, and Resilience, suggesting room for improvement in these areas, the overall outlook remains optimistic. Thomson Reuters’ diverse offerings of information-enabled software and tools cater to legal, tax, accounting, and compliance professionals, positioning it well for continued success in providing essential services worldwide.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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