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Analysts expect $0.45 per share on TRI Q3 results

Analysts, on average, expect Thomson Reuters to report earnings of $0.45 per share on sales of $3.2 billion when the company announces third quarter results on Thursday, stock analysis and trend trading system SmarTrend reported.

For the full year, analysts expect earnings per share of $1.77. In the year-ago period, EPS was $0.31 on sales of $3.2 billion. In the previous quarter, the company reported EPS of $0.47, missing consensus estimates of $0.49.

In an earnings alert, SmarTrend said it is bullish on TRI shares. It alerted its subscribers to Buy on 3 September at $36.49. Since then the stock has risen 5.4 per cent, closing on Monday at $38.50. ■