TRI - Thomson Reuters: Good Results And Positive Outlook Support A Buy Rating

2024-02-11 08:56:15 ET

Summary

• Thomson Reuters' normalized EPS grew by +31% YoY to $0.98 in Q4 2023, and this was +8% better than the market's expectations.
• The company expects to report a +6.5% increase in its top line this year, which is superior to its actual FY 2022 top line expansion of +3%.
• I still rate Thomson Reuters stock as a buy in view of its recent quarterly earnings beat, and the company's favorable financial prospects.

Elevator Pitch

I have a Buy rating for Thomson Reuters Corporation ( TRI ) ( TRI:CA ). My previous November 19, 2023 update for Thomson Reuters was focused on the positive read-throughs from the company's presentation at an investor conference in the same month....

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