Thomson Reuters is set to release its financial results for the fourth quarter of 2023 before the market opens on Thursday. Here's what you should know:

Revenue Forecast

  • Analysts anticipate quarterly revenue of $1.84 billion, compared to $1.77 billion in the same period last year.

Earnings Forecast

  • Thomson Reuters is expected to report adjusted earnings per share of 91 cents, based on the consensus of 14 analysts polled by FactSet. In Q4 2022, the company recorded adjusted earnings of 73 cents per share.

Key Points to Watch

  • During its third-quarter results announcement in November, the Canadian news and information provider confirmed its guidance for full-year revenue growth of 3% to 3.5%, with organic growth (excluding acquisitions and disposals) projected to be 5.5% to 6%.

  • Analysts will be paying close attention to Thomson Reuters' 2024 guidance, as it is considered an investment year. This follows the company's recent acquisitions of World Business Media, a subscription-based provider of editorial coverage for the insurance industry, and majority control of Nasdaq-listed Pagero, as part of its efforts to gain full control of the e-invoicing company.

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