Unlocking Q2 Potential of Thomson Reuters (TRI): Exploring Wall Street Estimates for Key Metrics

Analysts on Wall Street project that Thomson Reuters (TRI) will announce quarterly earnings of $0.83 per share in its forthcoming report, representing a decline of 2.4% year over year. Revenues are projected to reach $1.79 billion, increasing 2.8% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.In light of this perspective, let's dive into the average estimates of certain Thomson Reuters metrics that are commonly tracked and forecasted by Wall Street analysts.Analysts expect 'Revenues- Legal Professionals' to come in at $706.57 million. The estimate indicates a change of -2.8% from the prior-year quarter.The collective assessment of analysts points to an estimated 'Revenues- Tax & Accounting Professionals' of $284.50 million. The estimate suggests a change of +13.8% year over year.Analysts' assessment points toward 'Revenues- Global Print' reaching $117.31 million. The estimate points to a change of -4.6% from the year-ago quarter.Based on the collective assessment of analysts, 'Revenues- Corporates' should arrive at $474.54 million. The estimate indicates a change of +7.4% from the prior-year quarter.Analysts predict that the 'Revenues- Reuters News' will reach $212.43 million. The estimate suggests a change of +3.6% year over year.Analysts forecast 'Adjusted EBITDA- Legal Professionals' to reach $326.26 million. Compared to the current estimate, the company reported $327.00 million in the same quarter of the previous year.It is projected by analysts that the 'Adjusted EBITDA- Corporates' will reach $168.90 million. Compared to the present estimate, the company reported $163.00 million in the same quarter last year.The consensus among analysts is that 'Adjusted EBITDA- Reuters News' will reach $48.12 million. The estimate compares to the year-ago value of $51.00 million.The average prediction of analysts places 'Adjusted EBITDA- Global Print' at $39.43 million. The estimate compares to the year-ago value of $43.00 million.The combined assessment of analysts suggests that 'Adjusted EBITDA- Tax & Accounting Professionals' will likely reach $103.48 million. Compared to the current estimate, the company reported $91.00 million in the same quarter of the previous year. View all Key Company Metrics for Thomson Reuters here>>> Over the past month, shares of Thomson Reuters have returned -0.1% versus the Zacks S&P 500 composite's +2.3% change. Currently, TRI carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Thomson Reuters Corp (TRI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks