Thomson Reuters Corporation (NYSE:TRI) is trading up 35.90% versus 12-month low of 32.83 and stands -2.34% lower from its 1-year peak of $45.68. The consensus price target (PT) of $43.26 means that the market expects Company shares to increase by -2.9% in the short run. The sell-side target prices range from $37.52 to $48.12. In the last month the stock has moved in price 0.77%, with a one year change of 30.74%. The last trading session volume compares with the 748.60K average and market worth floats around 32.52B.
Thomson Reuters Corporation (NYSE:TRI) gained 0.11% to reach at the trading price of $44.61 as it is set to release its next quarterly earnings report on February 09, 2017. Thomson Reuters Corporation stock trades in the range of $44.51 to $44.82 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.58 a share with $2.87B in revenue.
Thomson Reuters Corporation (TRI) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Thomson Reuters Corporation to earn $0.54 per share (EPS) on revenue of $2.84B. The EPS consensus range is $0.51-$0.57 on revenue between $2.86B and $2.83B.
While if we look at the Earnings Track Record, Thomson Reuters Corporation (TRI) managed to surpass quarterly earnings per share estimates in 8 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 66%. Last time the company reported, Thomson Reuters Corporation (TRI) generated $0.54 in earnings per share, beating the consensus estimate of $0.47. Revenues hit $2.74B in the September 2017 quarter, which was below the consensus $2.75B projection. On the other hand, in the June 2017 quarter the company recorded a net $2.77B revenue with earnings per share of $0.50. Wall Street had anticipated $2.83B and $0.49, respectively. For comparison, there was a revenue of $2.79B and EPS of $0.48 in the March 2016 period.
Thomson Reuters Corporation (NYSE:TRI) Analyst Insights
The buoyancy in the outlook of Thomson Reuters Corporation (TRI) is getting weaker by the somewhat negative sentiment (2.90 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Sector Perform. Macquarie has been covering shares of TRI, so it is most recent view is worth a look. In a research note issued on Dec 12, 2016, analysts at downgraded the stock to Sector Perform from Outperform. Another noteworthy analyst activity was recorded on Jun 27, 2016. Downgraded the stock to Hold from Buy.