Thomson Reuters Goes Negative
Thomson Reuters (TSX: TRI) reported earnings on April 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Thomson Reuters met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP earnings per share dropped. GAAP earnings per share dropped to a loss.
Gross margins expanded, operating margins grew, net margins dropped.
Thomson Reuters recorded revenue of $3.10 billion. The 10 analysts polled by S&P Capital IQ expected net sales of $3.13 billion on the same basis. GAAP reported sales were 5.3% lower than the prior-year quarter's $3.35 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.38. The 13 earnings estimates compiled by S&P Capital IQ anticipated $0.32 per share. Non-GAAP EPS of $0.38 for Q1 were 14% lower than the prior-year quarter's $0.44 per share. GAAP EPS were -$0.04 for Q1 versus $0.38 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 26.8%, 210 basis points better than the prior-year quarter. Operating margin was 12.3%, 110 basis points better than the prior-year quarter. Net margin was -1.0%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $3.16 billion. On the bottom line, the average EPS estimate is $0.47.
Next year's average estimate for revenue is $12.76 billion. The average EPS estimate is $1.82.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Thomson Reuters is hold, with an average price target of $31.41.
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The article Thomson Reuters Goes Negative originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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