The Successful Investor Hotline – Friday, February 7, 2025
Article Excerpt
THOMSON REUTERS CORP., $252.31, Toronto symbol TRI, is your #1 Conservative Buy for 2025.
The company sells specialized information (mainly through electronic channels) to professionals in the legal, and tax and accounting fields. It also owns the Reuters news service.
Thanks to improving demand for its legal and tax information products, revenue in the quarter ended December 31, 2024, rose 5.2%, to $1.91 billion from $1.82 billion a year earlier (all amounts except share price in U.S. dollars). That topped the consensus forecast of $1.88 billion.
The company is also doing a good job signing up more subscribers. In the quarter, recurring revenue rose 7%, and it now accounts for 83% of total revenue.
Overall earnings before unusual items rose 1.8%, to $454 million from $446 million. Thomson spent $639 million on share buybacks in 2024, which is why per-share earnings improved 3.1%, to $1.01 from $0.98. That also beat the $0.96 consensus estimate.
Thomson is now incorporating artificial intelligence (AI) tools into its products—it…
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