Thomson ReutersNYSE: TRI

Thomson Reuters has seen strong adoption rates for its AI-related products, leading to faster-than-expected organic EPS growth. The company's revenue growth of 8.5% in 1Q24 was solid, with organic growth at 9% and EBITDA margins expanding. TRI's rollout of generative-AI products should continue to drive growth.

While the revenue and EPS figures for Thomson Reuters (TRI) offer insight into its performance in the first quarter of 2024, it may be useful to also examine how certain key metrics stack up against Wall Street forecasts and the previous year's figures.

Thomson Reuters (TRI) reported quarterly earnings of $1.11 per share, surpassing the Zacks Consensus Estimate of $0.94 per share. This is an increase from earnings of $0.85 per share in the same quarter last year.

Thomson Reuters (TRI) has experienced positive changes in its earnings estimates and has a promising Zacks Earnings ESP as it approaches earnings season.

In addition to analyzing Wall Street's expectations for Thomson Reuters (TRI) in terms of revenue and profit, it is important to also examine forecasts for other important metrics in order to get a more comprehensive view of the company's performance in the first quarter of 2024.

Thomson Reuters has reportedly amassed $8 billion to invest in the artificial intelligence (AI) space.

TORONTO , March 6, 2024  /PRNewswire/ -- Steve Hasker, president and chief executive officer and Mike Eastwood, chief financial officer of Thomson Reuters (TSX/NYSE: TRI) will both present at the Bank of America Securities 2024 Information Services Conference on Thursday, March 14, 2024 at 12:55pm EDT. The presentation may include forward-looking information.

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.

Thomson Reuters (TRI) CEO Steve Hasker joins Yahoo Finance Live anchors Julie Hyman and Josh Lipton to discuss ongoing AI integration strategies after a strong fourth-quarter earnings report. The company announced the licensing of Reuters' news archive to large language model developers.