TrueBlue (TBI) to Release Earnings on Monday

TrueBlue (NYSE:TBI) is scheduled to be announcing its earnings results after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. TrueBlue has set its Q2 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

TrueBlue (NYSE:TBI) last posted its quarterly earnings results on Monday, May 6th. The business services provider reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.46. The firm had revenue of $403.00 million for the quarter, compared to analyst estimates of $400.24 million. TrueBlue had a negative net margin of 0.63% and a positive return on equity of 3.02%. TrueBlue’s quarterly revenue was down 13.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.06) earnings per share. On average, analysts expect TrueBlue to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

TrueBlue Price Performance

TBI opened at $11.28 on Friday. The firm has a market capitalization of $344.83 million, a price-to-earnings ratio of -30.49, a price-to-earnings-growth ratio of 13.71 and a beta of 1.51. The company’s 50 day simple moving average is $10.70 and its two-hundred day simple moving average is $11.51. TrueBlue has a 1-year low of $9.12 and a 1-year high of $16.14.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TBI. Robert W. Baird lowered their price objective on TrueBlue from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 7th. BMO Capital Markets reissued an “outperform” rating and issued a $13.00 price objective on shares of TrueBlue in a report on Monday, June 17th.

TrueBlue Company Profile

TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries.