Q4 2024 EPS Estimates for TrueBlue, Inc. (NYSE:TBI) Decreased by Sidoti Csr

TrueBlue, Inc. (NYSE:TBI) – Equities researchers at Sidoti Csr reduced their Q4 2024 earnings estimates for shares of TrueBlue in a research report issued on Tuesday, August 6th. Sidoti Csr analyst M. Riddick now expects that the business services provider will post earnings per share of ($0.01) for the quarter, down from their previous estimate of $0.02. The consensus estimate for TrueBlue’s current full-year earnings is $0.06 per share.

TrueBlue (NYSE:TBI) last issued its quarterly earnings data on Monday, August 5th. The business services provider reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.30). TrueBlue had a positive return on equity of 3.02% and a negative net margin of 0.63%. The company had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $414.49 million. During the same quarter last year, the business earned $0.17 earnings per share. The business’s quarterly revenue was down 16.7% on a year-over-year basis.

Other equities analysts have also issued research reports about the company. StockNews.com lowered TrueBlue from a “hold” rating to a “sell” rating in a research report on Tuesday. BMO Capital Markets lowered their price target on shares of TrueBlue from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Robert W. Baird cut their price objective on shares of TrueBlue from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Tuesday, May 7th.

TrueBlue Stock Up 2.0 %

NYSE TBI opened at $8.05 on Wednesday. The firm has a market capitalization of $246.09 million, a PE ratio of -21.76, a P/E/G ratio of 13.71 and a beta of 1.51. The stock’s 50 day moving average is $10.59 and its 200 day moving average is $11.41. TrueBlue has a twelve month low of $7.65 and a twelve month high of $16.14.

Institutional Investors Weigh In On TrueBlue

Several large investors have recently bought and sold shares of the business. nVerses Capital LLC purchased a new stake in shares of TrueBlue during the 2nd quarter valued at about $35,000. Quest Partners LLC bought a new position in TrueBlue during the fourth quarter valued at approximately $74,000. Maryland State Retirement & Pension System purchased a new stake in TrueBlue in the fourth quarter worth approximately $175,000. State Board of Administration of Florida Retirement System bought a new stake in TrueBlue in the 1st quarter worth approximately $192,000. Finally, Trexquant Investment LP purchased a new stake in TrueBlue during the 4th quarter valued at $228,000. 97.15% of the stock is currently owned by institutional investors.

About TrueBlue

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.