Thomson Reuters Corp
TRI: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 351.00 | Tpqjyw | Dzmbrqkx |
Thomson Reuters Earnings: Steady Revenue Growth Highlights the Firm's Robust Businesses
Thomson Reuters was mostly steady in the second quarter, as the firm’s recurring revenue model is holding up well. Organic revenue grew 5% with the firm’s three largest segments growing 7%. Overall, there was little in the firm's earnings release that would alter our long-term view of the firm, and we will maintain our narrow moat rating and fair value estimate of $109 per share. While we acknowledge Thomson Reuters' business has many positives, we view shares as pricey at current levels.