Investors with an interest in Business - Services stocks have likely encountered both Bowman Consulting (BWMN) and Thomson Reuters (TRI) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and ou ...

Group 1 - The article focuses on the Asia Value & Moat Stocks research service, which targets value investors looking for Asia-listed stocks with significant discrepancies between price and intrinsic value [1] - The service emphasizes deep value balance sheet bargains, such as net cash stocks and low price-to-book (P/B) stocks, as well as wide moat stocks that represent high-quality businesses [1] - The author provides a range of watch lists with monthly updates, particularly concentrating on investment opportunities in the Hong Kong market [1]

[Executive Summary](index=2&type=section&id=Executive%20Summary) [Company Overview](index=2&type=section&id=Our%20company) Thomson Reuters provides trusted content and technology to professionals in legal, tax, audit, accounting, compliance, government, and media sectors. The company's business model is centered on selling information and software solutions, primarily through recurring subscriptions. These solutions integrate deep domain knowledge with technology to enhance customer productivity, leading to strong customer retention and a capital-efficient, cash-generative business - The company serves professionals across legal, tax, audit, accounting, compliance, government, and media[8](index=8&type=chunk) - The majority of revenues are derived from recurring subscriptions for information and software solutions that blend domain knowledge with technology, resulting in strong customer retention[9](index=9&type=chunk) [Reportable Segments](index=3&type=section&id=Reportable%20Segments) The company is organized into five reportable segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The first three are collectively referred to as the "Big 3" segments and represent the core of the business - The five reportable segments are Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print[11](index=11&type=chunk)[12](index=12&type=chunk)[13](index=13&type=chunk) - The Legal Professionals, Corporates, and Tax & Accounting Professionals segments are collectively known as the "Big 3" segments[17](index=17&type=chunk) [Financial Highlights](index=3&type=section&id=Financial%20Highlights) In Q1 2025, Thomson Reuters reported a 1% increase in total revenues, achieving 6% organic growth driven by a 9% rise in recurring revenues. The "Big 3" segments saw 9% organic revenue growth. Adjusted EBITDA margin slightly decreased to 42.3%. The company acquired SafeSend for approximately $600 million, sold FindLaw, and announced a 10% dividend increase. The full-year 2025 outlook has been reaffirmed Q1 2025 Financial Highlights | Metric | Value/Change | | :--- | :--- | | Total Revenue Growth | 1% | | Organic Revenue Growth | 6% | | Recurring Revenue Organic Growth | 9% | | "Big 3" Segments Organic Revenue Growth | 9% | | Adjusted EBITDA Margin | 42.3% (-40 bp YoY) | | "Big 3" Adjusted EBITDA Margin | 47.3% (+150 bp YoY) | - Acquired cPaperless, LLC (SafeSend) for approximately **$600 million** in January 2025, which was offset by the loss of revenues from the sale of FindLaw in December 2024[19](index=19&type=chunk)[23](index=23&type=chunk) - Announced a **10%** annualized dividend increase to **$2.38** per common share in February 2025[25](index=25&type=chunk) - The full-year 2025 outlook, originally communicated in February 2025, was reaffirmed[22](index=22&type=chunk) [Results of Operations](index=4&type=section&id=Results%20of%20Operations) [Consolidated Results](index=4&type=section&id=Consolidated%20results) For Q1 2025, consolidated revenues increased by 1% to $1.9 billion, with organic growth at 6%. Operating profit rose 1% to $563 million. However, diluted EPS fell 9% to $0.96, primarily due to higher tax expense and unfavorable currency impacts in other finance income compared to the prior year. Adjusted EPS increased 1% to $1.12 Consolidated Financial Results (Q1 2025 vs Q1 2024) | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | **IFRS Measures** | | | | | Revenues | $1,900M | $1,885M | 1% | | Operating profit | $563M | $557M | 1% | | Diluted EPS | $0.96 | $1.06 | (9%) | | **Non-IFRS Measures** | | | | | Organic revenue growth | 6% | n/a | n/a | | Adjusted EBITDA | $809M | $806M | - | | Adjusted EBITDA margin | 42.3% | 42.7% | (40) bp | | Adjusted EPS | $1.12 | $1.11 | 1% | Revenue by Type (Q1 2025 vs Q1 2024) | Revenue Type | Q1 2025 | Q1 2024 | Total Change | Organic Change | | :--- | :--- | :--- | :--- | :--- | | Recurring | $1,451M | $1,426M | 2% | 9% | | Transactions | $333M | $335M | (1%) | 1% | | Global Print | $116M | $124M | (6%) | (5%) | | **Total** | **$1,900M** | **$1,885M** | **1%** | **6%** | - Net earnings and diluted EPS decreased primarily due to higher tax expense and because the prior-year period included currency benefits reflected in other finance income[49](index=49&type=chunk) [Segment Results](index=8&type=section&id=Segment%20results) In Q1 2025, the "Big 3" segments collectively achieved 9% organic revenue growth. Legal Professionals grew 8% organically despite a total revenue decline from the FindLaw divestiture. Corporates and Tax & Accounting Professionals showed strong organic growth of 9% and 11% respectively. Reuters News revenue declined 7% organically due to a tough comparison with prior-year AI content licensing deals. Global Print revenue continued its decline, down 5% organically [Legal Professionals](index=8&type=section&id=Legal%20Professionals) Total revenue for the Legal Professionals segment decreased 4% to $693 million due to the FindLaw divestiture. However, organic revenue grew 8%, driven by strong performance in Westlaw, CoCounsel, and Practical Law. Segment adjusted EBITDA margin improved by 100 basis points to 48.4% Legal Professionals Q1 2025 Performance | Metric | Q1 2025 | Q1 2024 | Total Change | Organic Change | | :--- | :--- | :--- | :--- | :--- | | Revenues | $693M | $721M | (4%) | 8% | | Segment adjusted EBITDA | $336M | $342M | (2%) | n/a | | Segment adjusted EBITDA margin | 48.4% | 47.4% | +100 bp | n/a | [Corporates](index=8&type=section&id=Corporates) The Corporates segment revenue grew 7% to $541 million, with strong organic growth of 9%. This was driven by an 11% increase in recurring revenues from products like Indirect and Direct Tax, and Practical Law. Segment adjusted EBITDA margin expanded by 160 basis points to 39.4%, aided by operating leverage and favorable currency effects Corporates Q1 2025 Performance | Metric | Q1 2025 | Q1 2024 | Total Change | Organic Change | | :--- | :--- | :--- | :--- | :--- | | Revenues | $541M | $507M | 7% | 9% | | Segment adjusted EBITDA | $213M | $193M | 10% | n/a | | Segment adjusted EBITDA margin | 39.4% | 37.8% | +160 bp | n/a | [Tax & Accounting Professionals](index=8&type=section&id=Tax%20%26%20Accounting%20Professionals) This segment's revenue increased 10% to $360 million, with organic growth of 11%, boosted by the SafeSend acquisition and strong performance in transactions revenues. Segment adjusted EBITDA margin rose 170 basis points to 56.7%, reflecting operating leverage. The segment's performance is highly seasonal, with revenues concentrated in Q1 and Q4 Tax & Accounting Professionals Q1 2025 Performance | Metric | Q1 2025 | Q1 2024 | Total Change | Organic Change | | :--- | :--- | :--- | :--- | :--- | | Revenues | $360M | $328M | 10% | 11% | | Segment adjusted EBITDA | $210M | $181M | 17% | n/a | | Segment adjusted EBITDA margin | 56.7% | 55.0% | +170 bp | n/a | - The segment is highly seasonal, with about **60%** of annual revenues typically generated in the first and fourth quarters[59](index=59&type=chunk) [Reuters News](index=9&type=section&id=Reuters%20News) Reuters News revenue declined 7% to $196 million on an organic basis. This was primarily due to the absence of large, transactional generative AI-related content licensing revenue that was present in Q1 2024. Segment adjusted EBITDA margin contracted significantly by 830 basis points to 20.0% due to the lower revenues Reuters News Q1 2025 Performance | Metric | Q1 2025 | Q1 2024 | Total Change | Organic Change | | :--- | :--- | :--- | :--- | :--- | | Revenues | $196M | $210M | (7%) | (7%) | | Segment adjusted EBITDA | $39M | $60M | (34%) | n/a | | Segment adjusted EBITDA margin | 20.0% | 28.3% | (830) bp | n/a | - Revenue decrease was primarily due to generative AI-related content licensing revenue included in the prior-year period that was largely transactional[60](index=60&type=chunk) [Global Print](index=9&type=section&id=Global%20Print) Global Print revenue decreased 6% to $116 million, or 5% organically, driven by lower shipment volumes and customer migration to digital products like Westlaw. The segment's adjusted EBITDA margin saw a slight decline of 40 basis points to 37.8% Global Print Q1 2025 Performance | Metric | Q1 2025 | Q1 2024 | Total Change | Organic Change | | :--- | :--- | :--- | :--- | :--- | | Revenues | $116M | $124M | (6%) | (5%) | | Segment adjusted EBITDA | $44M | $47M | (7%) | n/a | | Segment adjusted EBITDA margin | 37.8% | 38.2% | (40) bp | n/a | [Liquidity and Capital Resources](index=10&type=section&id=Liquidity%20and%20Capital%20Resources) [Capital Strategy and Financial Position](index=10&type=section&id=Capital%20Strategy%20and%20Financial%20Position) The company maintains a disciplined capital strategy focused on growth, leverage management, and shareholder returns. As of March 31, 2025, cash and cash equivalents were $1.4 billion. The net debt to adjusted EBITDA leverage ratio was 0.6:1, well below the target of 2.5:1. The company expects its liquidity to be sufficient for the next 12 months and plans to repay C$1.4 billion in notes due May 2025 with cash on hand - Capital strategy targets include a maximum leverage ratio of **2.5x** net debt to adjusted EBITDA, a dividend payout of **50-60%** of free cash flow, and returning at least **75%** of annual free cash flow to shareholders[69](index=69&type=chunk) Financial Position as of March 31, 2025 | Metric | Value | | :--- | :--- | | Cash and cash equivalents | $1.4 billion | | Net debt | $1.75 billion | | Net debt to adjusted EBITDA ratio | 0.6:1 | | Credit facility covenant max ratio | 4.5:1 | - In March 2025, the company completed a debt exchange offer to optimize its capital structure, with TR Finance LLC issuing new notes guaranteed by the parent and certain subsidiaries[79](index=79&type=chunk) [Cash Flow](index=10&type=section&id=Cash%20flow) For Q1 2025, net cash from operating activities was $445 million, a slight increase from the prior year. Investing activities used $756 million, primarily for the $606 million SafeSend acquisition. Financing activities used $288 million, mainly for dividend payments. Free cash flow was stable at $277 million Summary of Cash Flow (Q1 2025 vs Q1 2024) | (millions of U.S. dollars) | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | 445 | 432 | | Net cash (used in) provided by investing activities | (756) | 631 | | Net cash used in financing activities | (288) | (470) | | Free cash flow (Non-IFRS) | 277 | 271 | - Investing cash outflow in Q1 2025 was driven by the **$606 million** acquisition of SafeSend[73](index=73&type=chunk) - Financing cash outflow in Q1 2025 included **$259 million** in dividend payments. The prior year period included **$352 million** of share repurchases[75](index=75&type=chunk)[77](index=77&type=chunk)[85](index=85&type=chunk) [Contingencies](index=13&type=section&id=Contingencies) The company is involved in various legal proceedings and tax audits in the ordinary course of business, but management does not expect them to have a material adverse impact. A notable issue is an ongoing dispute with the U.K. tax authority (HMRC) regarding the Diverted Profits Tax (DPT), for which the company has paid $430 million under assessment but expects to recover substantially all of it. The company also has guarantee obligations related to the 3 Times Square office building redevelopment - The company is contesting notices of assessment from the U.K.'s HMRC under the Diverted Profits Tax (DPT) regime, having paid **$430 million**, but expects to receive refunds for substantially all amounts paid[95](index=95&type=chunk)[96](index=96&type=chunk) - The company guarantees **50%** of a **$415 million** term loan facility for the 3 Times Square office building redevelopment, which is expected to be refinanced in June 2025[97](index=97&type=chunk) [Outlook](index=15&type=section&id=Outlook) [2025 Outlook](index=15&type=section&id=2025%20Outlook) Thomson Reuters reaffirmed its full-year 2025 outlook. The company projects total revenue growth of 3.0-3.5% (impacted by divestitures) and organic revenue growth of 7.0-7.5%. The adjusted EBITDA margin is expected to be approximately 39%, with free cash flow around $1.9 billion. For Q2 2025, organic revenue growth is anticipated to be approximately 7% with an adjusted EBITDA margin of about 36% Full-Year 2025 Outlook | Metric | 2024 Actual | 2025 Outlook | | :--- | :--- | :--- | | Total Revenue growth | 7% | 3.0 - 3.5% | | Organic revenue growth | 7% | 7.0 - 7.5% | | Adjusted EBITDA margin | 38.2% | ~ 39% | | Free cash flow | $1.8 billion | ~ $1.9 billion | | "Big 3" Organic revenue growth | 9% | ~ 9% | - For the second quarter of 2025, the company expects an organic revenue growth rate of approximately **7%** and an adjusted EBITDA margin of approximately **36%**[103](index=103&type=chunk) [Material Assumptions and Risks](index=16&type=section&id=Material%20Assumptions%20and%20Risks) The 2025 outlook is based on assumptions of continued demand for trusted products and the ability to deliver innovative solutions amidst an uncertain macroeconomic environment. Key risks include the potential for lower demand due to economic worsening, regulatory changes related to AI, competitive pressures, and higher-than-expected inflation impacting costs - Material assumptions for revenue include continued need for trusted products to navigate complex environments and the ability to innovate and retain customers[105](index=105&type=chunk) - Material risks include ongoing geopolitical and macroeconomic uncertainty impacting demand, potential AI-related regulatory changes, competitive actions, and higher-than-expected inflation[105](index=105&type=chunk) [Other Disclosures](index=17&type=section&id=Other%20Disclosures) [Related Party Transactions](index=17&type=section&id=Related%20Party%20Transactions) As of April 30, 2025, the principal shareholder, Woodbridge, beneficially owned approximately 70% of the company's common shares. The only new significant related party transaction in Q1 2025 was a $5 million cash contribution to 3XSQ Associates pursuant to a capital call - Woodbridge, the principal shareholder, owned approximately **70%** of common shares as of April 30, 2025[107](index=107&type=chunk) - In Q1 2025, the company contributed **$5 million** in cash to 3XSQ Associates, a joint venture, as part of a capital call[108](index=108&type=chunk) [Critical Accounting Estimates and Judgments](index=17&type=section&id=Critical%20Accounting%20Estimates%20and%20Judgments) There have been no significant changes to the company's critical accounting estimates and judgments since the 2024 annual report. However, management notes that the uncertain macroeconomic environment could cause these estimates to become more variable and subject to material changes in the future - No significant changes have been made to critical accounting estimates and judgments since the 2024 annual management's discussion and analysis[111](index=111&type=chunk) [Additional Information](index=18&type=section&id=Additional%20Information) Management concluded that disclosure controls and procedures were effective as of the end of Q1 2025. There were no material changes to internal control over financial reporting during the quarter. As of April 30, 2025, the company had 450,478,428 common shares outstanding - Disclosure controls and procedures were deemed effective at the end of the reporting period[113](index=113&type=chunk) - No material changes occurred in internal control over financial reporting during Q1 2025[115](index=115&type=chunk) [Appendix](index=19&type=section&id=Appendix) [Non-IFRS Financial Measures](index=19&type=section&id=Non-IFRS%20Financial%20Measures) This section defines the non-IFRS financial measures used throughout the report, such as Adjusted EBITDA, Adjusted EPS, Free Cash Flow, and Organic Revenue Growth. The company believes these measures provide useful supplemental insight into its operating performance, financial position, and are used for internal planning and incentive programs - The company uses non-IFRS measures as supplemental indicators of operating performance and for internal planning, believing they provide more insight into performance[5](index=5&type=chunk)[123](index=123&type=chunk) [Reconciliations of Non-IFRS Financial Measures](index=23&type=section&id=Reconciliations%20of%20Non-IFRS%20Financial%20Measures) This appendix provides detailed reconciliations of non-IFRS financial measures to their most directly comparable IFRS measures. This includes reconciliations for Adjusted EBITDA, Adjusted EPS, Free Cash Flow, Net Debt, and organic revenue growth, ensuring transparency in how these supplemental metrics are derived from the IFRS financial statements Reconciliation of Earnings from Continuing Operations to Adjusted EBITDA (Q1 2025) | (millions of U.S. dollars) | Q1 2025 | | :--- | :--- | | Earnings from continuing operations | 425 | | Tax expense | 92 | | Other finance costs (income) | 10 | | Net interest expense | 30 | | Amortization & Depreciation | 226 | | **EBITDA** | **783** | | Other adjustments | 26 | | **Adjusted EBITDA** | **809** | Reconciliation of Net Earnings to Adjusted Earnings (Q1 2025) | (millions of U.S. dollars) | Q1 2025 | | :--- | :--- | | Net earnings | 434 | | Adjustments (Amortization, other op losses, etc.) | 94 | | Tax on above items | (24) | | Other adjustments (tax items, discontinued ops, etc.) | (1) | | Dividends declared on preference shares | (1) | | **Adjusted earnings** | **506** |

Core Insights - Thomson Reuters reported $1.9 billion in revenue for Q1 2025, a year-over-year increase of 0.8%, with an EPS of $1.12 compared to $1.11 a year ago, indicating a slight growth in earnings [1] - The revenue fell short of the Zacks Consensus Estimate of $1.92 billion by 0.95%, while the EPS exceeded the consensus estimate of $1.06 by 5.66% [1] Revenue Performance - Legal Professionals revenue was $693 million, below the average estimate of $696.75 million, reflecting a year-over-year decline of 3.9% [4] - Tax & Accounting Professionals revenue reached $360 million, surpassing the average estimate of $366.88 million, with a year-over-year increase of 9.8% [4] - Global Print revenue was $116 million, below the average estimate of $119.85 million, showing a year-over-year decrease of 6.5% [4] - Corporates revenue was $541 million, slightly below the average estimate of $553.36 million, with a year-over-year increase of 6.7% [4] - Reuters News revenue was $196 million, exceeding the average estimate of $186.80 million, but down 6.7% year-over-year [4] - Eliminations reported a loss of $6 million, slightly worse than the estimated loss of $5 million, but improved by 20% year-over-year [4] Adjusted EBITDA Analysis - Adjusted EBITDA for Legal Professionals was $336 million, exceeding the average estimate of $327.02 million [4] - Adjusted EBITDA for Corporates was $213 million, above the average estimate of $202.65 million [4] - Adjusted EBITDA for Corporate costs was -$33 million, worse than the average estimate of -$31.28 million [4] - Adjusted EBITDA for Reuters News was $39 million, surpassing the average estimate of $36 million [4] - Adjusted EBITDA for Global Print was $44 million, in line with the average estimate of $44.23 million [4] - Adjusted EBITDA for Tax & Accounting Professionals was $210 million, exceeding the average estimate of $197.30 million [4] Stock Performance - Thomson Reuters shares returned +6% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Viewpoint - Thomson Reuters reported quarterly earnings of $1.12 per share, exceeding the Zacks Consensus Estimate of $1.06 per share, and showing a slight increase from $1.11 per share a year ago, indicating a 5.66% earnings surprise [1][2] Financial Performance - The company posted revenues of $1.9 billion for the quarter ended March 2025, which was slightly below the Zacks Consensus Estimate by 0.95%, and a marginal increase from $1.89 billion year-over-year [2] - Over the last four quarters, Thomson Reuters has surpassed consensus EPS estimates four times and topped revenue estimates twice [2] Stock Performance - Thomson Reuters shares have increased approximately 16% since the beginning of the year, contrasting with a decline of 5.3% in the S&P 500 [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.87 on revenues of $1.79 billion, and for the current fiscal year, it is $3.88 on revenues of $7.49 billion [7] - The estimate revisions trend for Thomson Reuters is mixed, and future changes in estimates will be closely monitored following the recent earnings report [6][7] Industry Context - The Business - Services industry, to which Thomson Reuters belongs, is currently ranked in the top 23% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]

TORONTO, May 1, 2025 /PRNewswire/ -- Thomson Reuters (TSX/Nasdaq: TRI) today reported results for the first quarter ended March 31, 2025:  Good revenue momentum continued in the first quarter Total company revenues up 1% / organic revenues up 6% Organic revenues up 9% for the "Big 3" segments (Legal Professionals, Corporates and Tax & Accounting Professionals) Reaffirmed full year 2025 outlook for all metrics Increased annual common share dividend by 10% to $2.38, announced in February 2025 Completed Sa ...

ANAHEIM, Calif., April 29, 2025 (GLOBE NEWSWIRE) -- Tritium, a global leader in DC fast chargers for electric vehicles (EVs), today unveiled its revolutionary TRI-FLEX charging platform at ACT Expo 2025 in Anaheim, California. The platform features a next-generation distributed architecture that enables charge point operators to scale from four up to 64 charge points easily. This ultra-scaling approach addresses critical infrastructure challenges as the EV market transitions from early adoption to mainstrea ...

Wall Street analysts forecast that Thomson Reuters (TRI) will report quarterly earnings of $1.06 per share in its upcoming release, pointing to a year-over-year decline of 4.5%. It is anticipated that revenues will amount to $1.92 billion, exhibiting an increase of 1.8% compared to the year-ago quarter. The current level reflects a downward revision of 2.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised ...

Core Viewpoint - Thomson Reuters (TRI) is positioned well to continue its trend of beating earnings estimates in upcoming quarterly reports [1]. Group 1: Earnings Performance - Thomson Reuters has a strong history of surpassing earnings estimates, averaging a 3.89% beat over the last two quarters [2]. - In the most recent quarter, the company reported earnings of $1.01 per share against an expectation of $0.96, resulting in a surprise of 5.21% [3]. - For the previous quarter, Thomson Reuters reported $0.80 per share, exceeding the consensus estimate of $0.78, which was a surprise of 2.56% [3]. Group 2: Earnings Estimates and Predictions - Estimates for Thomson Reuters have been trending higher, supported by its history of earnings surprises [5]. - The company currently has a positive Earnings ESP of +0.47%, indicating increased analyst optimism regarding its near-term earnings potential [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong possibility of another earnings beat in the upcoming report [8]. Group 3: Earnings ESP Insights - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7]. - A negative Earnings ESP does not necessarily indicate an earnings miss but can reduce the predictive power of the metric [9].

Company Overview - Thomson Reuters (TRI) shares increased by 5.3% to close at $170.06, following a period of 6% loss over the past four weeks, indicating notable trading volume [1] - The company has seen price growth due to strong uptake of its generative AI offerings, including Westlaw Precision and CoCounsel, along with growth in products like Practical Law, SurePrep, and Pagero [2] Financial Performance - Thomson Reuters is expected to report quarterly earnings of $1.05 per share, reflecting a year-over-year decline of 5.4%, while revenues are projected to be $1.92 billion, an increase of 1.9% from the previous year [2] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, suggesting stability in earnings expectations [4] Market Trends - Trends in earnings estimate revisions are strongly correlated with near-term stock price movements, indicating that the recent price increase may not be sustainable without positive revisions [3] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [4] Industry Comparison - Thomson Reuters is part of the Zacks Technology Services industry, where another company, Ibotta (IBTA), saw an 8.4% increase in its stock price, but has a Zacks Rank of 5 (Strong Sell) due to a significant decline in its EPS estimate [4][5]