Canaccord Genuity Keeps Their Hold Rating on Thomson Reuters (TRI)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2024
0mins
Source: Business Insider
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Analyst Views on TRI
Wall Street analysts forecast TRI stock price to rise
12 Analyst Rating
9 Buy
3 Hold
0 Sell
Strong Buy
Current: 90.760
Low
160.00
Averages
192.65
High
258.00
Current: 90.760
Low
160.00
Averages
192.65
High
258.00
About TRI
Thomson Reuters Corporation is a content and technology company. The Legal Professionals segment serves law firms and governments with research and workflow products powered by technologies, including generative artificial intelligence (AI). The Corporates segment serves corporations ranging from small businesses to multinational organizations with a full suite of content-driven products, powered by technologies, including generative AI. The Tax & Accounting Professionals segment serves tax, audit and accounting firms with research and workflow products powered by technologies, including generative AI. The Reuters News segment supplies business, financial and global news and data to media organizations, professionals and news consumers through Reuters News Agency, Reuters.com, Reuters Events, Thomson Reuters products and to financial firms exclusively via LSEG products. The Global Print segment provides legal and tax information and commercial printing services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Executive Conference Call: CEO Steve Hasker and CFO Gary E. Bischoping, Jr. will host a conference call at 8:30 a.m. EDT on the release day to discuss financial results and future outlook, enhancing transparency and boosting investor confidence.
- Webcast Access: Investors can register for the webcast through the Investor Relations section of the Thomson Reuters website, ensuring broad participation and information dissemination, which further promotes interaction between the company and its investors.
- Webcast Archive: An archive of the webcast will be available after the presentation, allowing investors who could not attend in real-time to review important information, ensuring that all stakeholders have access to key insights.
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- Conference Call and Webcast: CEO Steve Hasker and CFO Gary E. Bischoping, Jr. will host a conference call and simultaneous webcast at 8:30 a.m. EDT on the release date, discussing the earnings report and forward-looking information to enhance transparency.
- Webcast Registration Open: Investors can register for the webcast through the Investor Relations section of the Thomson Reuters website, with registration now open, ensuring participants can access the latest company updates in real-time.
- Commitment to Financial Transparency: Thomson Reuters is dedicated to empowering professionals across legal, tax, audit, and other sectors with specialized software and insights, further solidifying its leadership position in the information services industry.
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- Samsung's Earnings Disappointment: Despite a staggering 19-fold profit increase, Samsung Electronics' stock dropped over 8% in South Korea, reflecting investor concerns over high valuations in the semiconductor sector, which could undermine overall market confidence.
- Rising Oil Prices: Following attacks in the Strait of Hormuz, WTI crude oil prices surged over 2%, raising inflation expectations and pushing bond yields higher, with the 10-year T-note yield reaching a 3.5-week high of 4.52%.
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- Samsung's Earnings Miss Expectations: Despite a 19-fold surge in profits, Samsung Electronics' stock fell over 8% in South Korea, reflecting market concerns over high valuations in the semiconductor sector, potentially prompting investors to reassess their holdings in related stocks.
- Rising Crude Oil Prices: WTI crude oil prices increased by over 1% following attacks on shipping in the Strait of Hormuz, which not only raised inflation expectations but also pushed the 10-year T-note yield to a two-week high of 4.51%, potentially exerting further pressure on the stock market.
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See More
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- Earnings Release Announcement: Thomson Reuters has announced that its Q2 2026 earnings will be released on August 5, 2026, reflecting the company's ongoing performance in legal, tax, and compliance sectors, which is expected to provide investors with crucial financial data and market outlook.
- Executive Conference Call: CEO Steve Hasker and CFO Gary E. Bischoping, Jr. will host a conference call at 8:30 a.m. EDT on the release day to discuss financial results and future outlook, enhancing transparency and boosting investor confidence.
- Webcast Access: Investors can register for the webcast through the Investor Relations section of the Thomson Reuters website, ensuring broad participation and information dissemination, which further promotes interaction between the company and its investors.
- Webcast Archive: An archive of the webcast will be available after the presentation, allowing investors who could not attend in real-time to review important information, ensuring that all stakeholders have access to key insights.
See More
U.S. Stocks Decline as Oil Prices Surge
- Market Decline: The S&P 500 index fell by 0.49%, the Dow Jones Industrial Average dropped by 0.96%, and the Nasdaq 100 index decreased by 0.19%, reflecting investor concerns over escalating tensions in the Middle East, prompting a flight to safety.
- Oil Price Surge: WTI crude oil prices surged over 4% to a two-week high following U.S. military strikes against Iran, raising fears of potential disruptions in energy supplies and further boosting inflation expectations.
- Mortgage Applications Drop: U.S. MBA mortgage applications fell by 2.2% in the week ending July 3, with the purchase mortgage sub-index down 0.6% and refinancing down 4.1%, indicating the negative impact of high interest rates on housing demand.
- Optimistic Earnings Outlook: Bloomberg Intelligence forecasts a 23% increase in corporate earnings for Q2, close to the 30% growth seen in Q1, indicating that AI infrastructure stocks will drive S&P 500 earnings-per-share growth, reflecting market confidence in tech stocks.
See More
Thomson Reuters to Release Q2 2026 Earnings on August 5
- Earnings Release Schedule: Thomson Reuters has announced that its second-quarter 2026 earnings will be released on August 5, 2026, which is expected to provide critical financial data and future outlook, aiding investors in assessing the company's performance and market prospects.
- Conference Call and Webcast: CEO Steve Hasker and CFO Gary E. Bischoping, Jr. will host a conference call and simultaneous webcast at 8:30 a.m. EDT on the release date, discussing the earnings report and forward-looking information to enhance transparency.
- Webcast Registration Open: Investors can register for the webcast through the Investor Relations section of the Thomson Reuters website, with registration now open, ensuring participants can access the latest company updates in real-time.
- Commitment to Financial Transparency: Thomson Reuters is dedicated to empowering professionals across legal, tax, audit, and other sectors with specialized software and insights, further solidifying its leadership position in the information services industry.
See More
US Stocks Close Lower as Chipmakers Weigh on Market
- Market Decline: On Tuesday, the S&P 500 index fell by 0.45%, the Dow Jones Industrial Average dropped by 0.25%, and the Nasdaq 100 index decreased by 1.77%, indicating a broader market decline under pressure from a selloff in chipmakers, reflecting investor concerns over high valuations.
- Samsung's Earnings Disappointment: Despite Samsung Electronics reporting a 19-fold profit surge, its stock plummeted over 8% in South Korea, suggesting market skepticism regarding the future profitability of the semiconductor sector, which could impact investor confidence in related companies.
- Geopolitical Risks Heightened: Crude oil prices surged to a 1.5-week high due to attacks on shipping in the Strait of Hormuz, raising inflation expectations and pushing bond yields higher, with the 10-year T-note yield reaching a 3.5-week high of 4.54%, adding uncertainty to the market.
- Strength in Software Stocks: Despite the overall market pressure, strong performance in software stocks indicates a rotation of funds into other sectors, with companies like Workday seeing stock price increases of over 4%, providing some support for the market.
See More
US Stocks Decline as Chipmakers Struggle
- Market Decline: The S&P 500 index fell by 0.67%, the Dow Jones Industrial Average by 0.38%, and the Nasdaq 100 by 2.14%, indicating a bearish market sentiment, particularly driven by a selloff in chipmakers.
- Samsung's Earnings Disappointment: Despite a staggering 19-fold profit increase, Samsung Electronics' stock dropped over 8% in South Korea, reflecting investor concerns over high valuations in the semiconductor sector, which could undermine overall market confidence.
- Rising Oil Prices: Following attacks in the Strait of Hormuz, WTI crude oil prices surged over 2%, raising inflation expectations and pushing bond yields higher, with the 10-year T-note yield reaching a 3.5-week high of 4.52%.
- Widening Trade Deficit: The US trade deficit for May expanded to $77.6 billion, the largest in 14 months, which may negatively impact Q2 GDP, adding to market uncertainties.
See More
Mixed US Stock Performance, Chipmakers Under Pressure
- Divergent Market Performance: The S&P 500 Index is down 0.19% while the Dow Jones Industrial Average is up 0.04%, indicating a mixed market performance, particularly under pressure from chipmakers, which could affect investor confidence.
- Samsung's Earnings Miss Expectations: Despite a 19-fold surge in profits, Samsung Electronics' stock fell over 8% in South Korea, reflecting market concerns over high valuations in the semiconductor sector, potentially prompting investors to reassess their holdings in related stocks.
- Rising Crude Oil Prices: WTI crude oil prices increased by over 1% following attacks on shipping in the Strait of Hormuz, which not only raised inflation expectations but also pushed the 10-year T-note yield to a two-week high of 4.51%, potentially exerting further pressure on the stock market.
- Widening Trade Deficit: The US trade deficit widened to $77.6 billion in May, the largest in 14 months, which could negatively impact Q2 GDP, further exacerbating market uncertainties.
See More
