TrueBlue (NYSE:TBI) Issues Earnings Results, Beats Estimates By $0.14 EPS

TrueBlue (NYSE:TBI) released its quarterly earnings data on Wednesday. The business services provider reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.14, Zacks reports. The company had revenue of $385.95 million during the quarter, compared to the consensus estimate of $385.04 million. TrueBlue had a negative return on equity of 3.75% and a negative net margin of 8.02%. TrueBlue updated its Q1 2025 guidance to EPS.

TrueBlue Price Performance

Shares of NYSE TBI opened at $6.39 on Friday. The stock has a market cap of $188.80 million, a PE ratio of -1.54, a price-to-earnings-growth ratio of 3.55 and a beta of 1.42. The firm has a fifty day moving average price of $7.92 and a 200-day moving average price of $7.77. TrueBlue has a 1 year low of $6.20 and a 1 year high of $12.88.

Analyst Ratings Changes

A number of brokerages recently weighed in on TBI. StockNews.com upgraded shares of TrueBlue from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. BMO Capital Markets dropped their target price on TrueBlue from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th.

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.