Will Thomson Reuters (TRI) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Thomson Reuters (TRI) is positioned well to continue its trend of beating earnings estimates in upcoming quarterly reports [1]. Group 1: Earnings Performance - Thomson Reuters has a strong history of surpassing earnings estimates, averaging a 3.89% beat over the last two quarters [2]. - In the most recent quarter, the company reported earnings of $1.01 per share against an expectation of$0.96, resulting in a surprise of 5.21% [3]. - For the previous quarter, Thomson Reuters reported $0.80 per share, exceeding the consensus estimate of$0.78, which was a surprise of 2.56% [3]. Group 2: Earnings Estimates and Predictions - Estimates for Thomson Reuters have been trending higher, supported by its history of earnings surprises [5]. - The company currently has a positive Earnings ESP of +0.47%, indicating increased analyst optimism regarding its near-term earnings potential [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong possibility of another earnings beat in the upcoming report [8]. Group 3: Earnings ESP Insights - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7]. - A negative Earnings ESP does not necessarily indicate an earnings miss but can reduce the predictive power of the metric [9].