Thomson Reuters Corp
TRI: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|>& | LOCK|@y<V | LOCK|P#Lhq&?< |
Thomson Reuters Earnings: Organic Revenue Growth and Outlook Tick Up Slightly
Thomson Reuters' subscription-heavy businesses saw solid performance in the third quarter of 2024. Organic revenue grew 7% year over year compared with 6% in the second quarter. Thomson Reuters also raised its 2024 organic revenue outlook by half a percentage point. Overall, we will maintain our $140 per share fair value estimate and narrow moat rating, noting that our current model was already slightly above the firm's prior outlook.
