Core Insights - Thomson Reuters reported a 3% increase in total revenues for Q2 2025, reaching $1,785 million, driven by a 3% growth in recurring revenues and a 5% increase in transaction revenues, despite a 7% decline in Global Print revenues [2][3][5] - The company launched new AI solutions, including CoCounsel Legal, aimed at enhancing its offerings in legal, tax, and accounting markets [1][5] - The company maintained its full-year 2025 outlook for organic revenue growth, adjusted EBITDA margin, and free cash flow [5][27] Financial Performance - Operating profit for Q2 2025 increased by 5% to $436 million, attributed to higher revenues and other operating gains [2][4] - Diluted earnings per share (EPS) decreased to $0.69, down 63% from $1.86 in the prior year, primarily due to currency losses and a significant non-cash tax benefit in the previous year [2][4] - Adjusted EBITDA rose by 5% to $678 million, with an adjusted EBITDA margin of 37.8%, up from 37.1% [2][4][5] Revenue Breakdown - The "Big 3" segments (Legal Professionals, Corporates, and Tax & Accounting Professionals) collectively accounted for 82% of total revenues, with organic revenue growth of 9% [6][8] - Legal Professionals segment revenues decreased by 2% to $709 million, while organic revenue growth was 8% [11][12] - Corporates segment revenues increased by 7% to $472 million, with organic growth of 9% [15][25] - Tax & Accounting Professionals segment revenues rose by 11% to $277 million, with organic growth of 11% [16][17] Cash Flow and Capital Allocation - Net cash provided by operating activities increased by $41 million to $746 million, reflecting higher operating profit [7][21] - Free cash flow for Q2 2025 increased by $25 million to $566 million [7] - The company repaid Canadian $1.4 billion (U.S. $1.0 billion) in notes with cash on hand in May 2025 [33] Outlook - The company expects approximately 7% organic revenue growth and an adjusted EBITDA margin of around 36% for Q3 2025 [28] - The full-year 2025 outlook remains unchanged, with total revenue growth projected at 3.0% to 3.5% and organic revenue growth at 7.0% to 7.5% [30][27]

Core Insights - Thomson Reuters has launched CoCounsel Legal, an advanced AI solution designed to enhance legal workflows and research capabilities [1][3][10] - CoCounsel Legal integrates Deep Research, a professional-grade agentic AI research capability that can reason and plan legal research tasks [5][6] - The product aims to transform legal practice by embedding AI into workflows, allowing legal professionals to delegate complex tasks rather than merely prompting the AI [4][10] Product Features - CoCounsel Legal combines legal research, workflow automation, intelligent document search, and AI-powered assistance into a unified solution [3] - Deep Research is built on Thomson Reuters' extensive legal content and tools, enabling comprehensive legal research with human oversight [5][6] - Guided workflows are included, allowing for multi-step task execution that applies structured reasoning to high-friction legal work [7][10] Market Position - Over 20,000 law firms and corporate legal departments, including top US courts and Am Law 100 firms, have adopted CoCounsel Legal, establishing it as a trusted solution in the legal market [10]

Core Viewpoint - Analysts project that Thomson Reuters (TRI) will report quarterly earnings of $0.83 per share, reflecting a year-over-year decline of 2.4%, while revenues are expected to reach $1.79 billion, an increase of 2.8% from the same quarter last year [1] Group 1: Earnings and Revenue Estimates - The consensus EPS estimate has remained unchanged over the last 30 days, indicating analysts' reassessment of their initial estimates [1] - Analysts expect 'Revenues- Legal Professionals' to be $706.57 million, a decrease of 2.8% year-over-year [4] - 'Revenues- Tax & Accounting Professionals' is estimated at $284.50 million, suggesting a year-over-year increase of 13.8% [4] - 'Revenues- Global Print' is projected to reach $117.31 million, indicating a decline of 4.6% from the previous year [4] Group 2: Adjusted EBITDA Estimates - 'Adjusted EBITDA- Legal Professionals' is forecasted to be $326.26 million, slightly down from $327.00 million reported in the same quarter last year [5] - 'Adjusted EBITDA- Corporates' is expected to reach $168.90 million, up from $163.00 million reported in the same quarter last year [6] - 'Adjusted EBITDA- Reuters News' is projected at $48.12 million, compared to $51.00 million in the previous year [6] - 'Adjusted EBITDA- Tax & Accounting Professionals' is likely to be $103.48 million, up from $91.00 million reported in the same quarter last year [7] Group 3: Market Performance - Over the past month, shares of Thomson Reuters have returned -0.1%, while the Zacks S&P 500 composite has increased by 2.3% [7] - Currently, TRI holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the overall market in the near future [7]

Core Viewpoint - The comparison between WNS (Holdings) Limited and Thomson Reuters (TRI) indicates that WNS is more attractive to value investors based on various financial metrics and rankings [1]. Group 1: Zacks Rank and Earnings Outlook - WNS currently has a Zacks Rank of 2 (Buy), while TRI has a Zacks Rank of 4 (Sell), suggesting a more favorable earnings outlook for WNS [3]. - The Zacks Rank system emphasizes companies with positive earnings estimate revisions, indicating that WNS is likely experiencing an improvement in its earnings outlook compared to TRI [3]. Group 2: Valuation Metrics - WNS has a forward P/E ratio of 16.25, significantly lower than TRI's forward P/E of 52.78, indicating that WNS may be undervalued relative to TRI [5]. - The PEG ratio for WNS is 1.88, while TRI's PEG ratio is 6.39, further suggesting that WNS is more attractive in terms of expected earnings growth [5]. - WNS has a P/B ratio of 4.13 compared to TRI's P/B of 7.53, reinforcing the notion that WNS is undervalued [6]. Group 3: Value Grades - Based on the analysis of various metrics, WNS holds a Value grade of B, while TRI has a Value grade of F, indicating a stronger position for WNS among value investors [6].

Market Overview - The market capitalization of major US stocks shows varied performance, with Oracle at 762.30 billion, Mastercard at 321.36 billion, and Visa at 770.15 billion, reflecting increases of +0.66%, +0.86%, and +0.68% respectively [3] - Exxon Mobil's market cap is 679.53 billion, with a slight decrease of -0.98%, while Johnson & Johnson and Netflix show minor changes of -0.08% and -0.05% respectively [3] - Companies like Wells Fargo and Cisco have market caps of 270.15 billion and 279.59 billion, with respective increases of +0.98% and -0.58% [3] Notable Stock Movements - T-Mobile US Inc experienced a significant increase of +6.20%, reaching a market cap of 272.19 billion [3] - General Electric and Coca-Cola saw market caps of 285.05 billion and 298.76 billion, with increases of +0.37% and +0.91% respectively [3] - Companies like Disney and Goldman Sachs have market caps of 229.06 billion and 221.80 billion, with slight changes of +0.01% and -0.60% [3] Sector Performance - The technology sector shows mixed results, with Intel at 991.05 billion, down -3.28%, while AMD increased by +2.46% to 254.92 billion [5] - The consumer goods sector is represented by companies like Procter & Gamble and Coca-Cola, with market caps of 371.68 billion and 298.76 billion, showing slight increases [3][4] - The energy sector, represented by Exxon Mobil and Chevron, shows varied performance, with Exxon down -0.98% and Chevron up +0.66% [3] Summary of Key Companies - Oracle's market cap stands at 762.30 billion, reflecting a positive trend [3] - Mastercard and Visa show strong performance with market caps of 321.36 billion and 770.15 billion, both increasing [3] - Companies like Pfizer and Comcast have market caps of 1579.81 billion and 1332.00 billion, with Pfizer showing minimal change and Comcast down -3.16% [4][5]

Core Insights - Tritium has partnered with Evyve to deploy the TRI-FLEX ultra-scaling charging platform in the UK, marking a significant step in supporting the transition to electric mobility [1][3] - Evyve operates over 160 locations with 600 DC charging stations powered by 100% renewable energy, aiming to provide fast and sustainable charging solutions [2][9] - The TRI-FLEX system can deliver charging speeds up to 400kW, addressing scalability and flexibility challenges in the EV market as global EV sales approach 20% of total car sales [3][5] Company Overview - Tritium is a global leader in DC fast charging technology, with over 21,000 chargers deployed in more than 50 countries and advanced facilities in the US, UK, and Australia [7][8] - Evyve is a prominent owner and operator of public DC charging infrastructure in the UK, committed to sustainable charging solutions [9] Technological Advancements - The TRI-FLEX platform allows charge point operators to scale from four to 64 charge points efficiently, significantly outperforming conventional systems [3][4] - Tritium has introduced an industry-first lifetime warranty on power modules for its product line, addressing long-term cost concerns for operators [4][6] Market Impact - The partnership aims to meet the UK's increasing demand for ultra-fast charging infrastructure, enabling electric vehicles to charge in approximately 15 minutes [5][6] - The deployment of TRI-FLEX supports the seamless charging experience necessary for mass EV adoption across the UK, powered by renewable energy [6]

Group 1 - The core focus of the research service is on identifying Asia-listed stocks that exhibit a significant disparity between their market price and intrinsic value, particularly emphasizing deep value balance sheet bargains and wide moat stocks [1][2] - Thomson Reuters Corporation (NASDAQ: TRI) is assigned a Buy rating, with expectations of future growth driven by accretive mergers and acquisitions (M&As) and the full realization of its Legal unit's potential [1] Group 2 - The investing group provides a range of watch lists with monthly updates, targeting value investors interested in the Hong Kong market and deep value opportunities [2]

Group 1 - Thomson Reuters Corp will be added to the Nasdaq-100 Index and the Nasdaq-100 Equal Weighted™ Index on July 28, 2025, replacing ANSYS, Inc. [1] - ANSYS, Inc. will be removed from multiple Nasdaq indices, including the Nasdaq-100 Tech Sector™ Index and the Nasdaq-100 ESG™ Index, on the same date [2] - Thomson Reuters Corp will also replace ANSYS, Inc. in the Nasdaq-100 Tech Sector™ Index and other related indices on July 28, 2025 [2] Group 2 - Nasdaq is a leading global technology company that provides services to corporate clients, investment managers, banks, brokers, and exchange operators [4] - The company aims to enhance liquidity, transparency, and integrity in the global economy through its diverse offerings, including data, analytics, and software solutions [4]

Company Overview - Thomson Reuters (TRI) shares increased by 7.6% to close at $214.21, supported by higher trading volume compared to normal sessions [1] - The stock has gained 2% over the past four weeks, reflecting positive market sentiment [1] Financial Performance - The upcoming quarterly earnings report is expected to show earnings of $0.83 per share, a year-over-year decrease of 2.4% [2] - Revenue is projected to be $1.79 billion, representing a 2.8% increase from the same quarter last year [2] Earnings Estimates - The consensus EPS estimate for Thomson Reuters has remained unchanged over the last 30 days, indicating stability in earnings expectations [3] - Trends in earnings estimate revisions are crucial as they correlate strongly with near-term stock price movements [2][3] Industry Context - Thomson Reuters is part of the Zacks Business - Services industry, which includes other companies like BrightView Holdings (BV) [4] - BrightView's consensus EPS estimate has increased by 5.2% over the past month to $0.33, reflecting a 3.1% year-over-year change [5]

Core Viewpoint - Investors are evaluating WNS (Holdings) Limited and Thomson Reuters for potential value opportunities in the Business - Services sector, with WNS currently presenting a stronger case for investment [1]. Valuation Metrics - WNS has a forward P/E ratio of 16.27, significantly lower than Thomson Reuters' forward P/E of 51.03, indicating WNS may be undervalued [5]. - The PEG ratio for WNS is 1.79, while TRI's PEG ratio is 6.17, suggesting WNS has a more favorable earnings growth outlook relative to its price [5]. - WNS's P/B ratio stands at 4.12 compared to TRI's 7.34, further supporting the notion that WNS is a better value option [6]. Earnings Outlook - WNS holds a Zacks Rank of 2 (Buy), indicating a stronger improvement in its earnings outlook compared to Thomson Reuters, which has a Zacks Rank of 3 (Hold) [3]. - Based on the combination of valuation metrics and earnings outlook, WNS is positioned as the superior value investment at this time [6].