Equities Analysts Issue Forecasts for TrueBlue Q1 Earnings

Key Points

• Sidoti forecasts TrueBlue Q1 2028 EPS of $0.14, with estimates of $0.21 for Q2, $0.31 for Q3 and $0.98 for full-year 2028.
• In its latest reported quarter, TrueBlue earned $0.33 per share, beating the $0.19 consensus, and generated $520.74 million in revenue versus estimates of $468.06 million.
• Analyst sentiment remains cautious: MarketBeat reports a consensus “Reduce” rating and a $9.50 price target, while TrueBlue shares were reported up 24.0%.

TrueBlue, Inc. (NYSE:TBI - Free Report) - Research analysts at Sidoti issued their Q1 2028 EPS estimates for shares of TrueBlue in a report released on Thursday, November 5th. Sidoti analyst M. Riddick anticipates that the business services provider will post earnings of $0.14 per share for the quarter. The consensus estimate for TrueBlue's current full-year earnings is $0.06 per share. Sidoti also issued estimates for TrueBlue's Q2 2028 earnings at $0.21 EPS, Q3 2028 earnings at $0.31 EPS and FY2028 earnings at $0.98 EPS.

TrueBlue (NYSE:TBI - Get Free Report) last released its earnings results on Wednesday, November 4th. The business services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.19 by $0.14. The business had revenue of $520.74 million during the quarter, compared to analyst estimates of $468.06 million. TrueBlue had a negative net margin of 2.55% and a negative return on equity of 2.86%.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird set a $9.50 price objective on TrueBlue in a research report on Wednesday, August 5th. Weiss Ratings reissued a "sell (d-)" rating on shares of TrueBlue in a research note on Tuesday, September 29th. Finally, Wall Street Zen upgraded TrueBlue from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $9.50.

TrueBlue Trading Up 24.0%

TrueBlue stock opened at $12.20 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.28 and a current ratio of 2.28. The firm has a market cap of $371.43 million, a price-to-earnings ratio of -7.92, a price-to-earnings-growth ratio of 11.71 and a beta of 1.74. TrueBlue has a 1 year low of $3.18 and a 1 year high of $13.59. The firm's 50 day moving average price is $9.39 and its two-hundred day moving average price is $6.88.

Hedge Funds Weigh In On TrueBlue

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of TrueBlue in the second quarter worth $15,550,000. Bank of America Corp DE purchased a new position in shares of TrueBlue during the second quarter valued at $2,225,000. Renaissance Technologies LLC raised its position in TrueBlue by 128.7% during the first quarter. Renaissance Technologies LLC now owns 220,934 shares of the business services provider's stock valued at $864,000 after buying an additional 124,334 shares during the period. Pzena Investment Management LLC acquired a new position in TrueBlue during the second quarter valued at $21,543,000. Finally, Bank of New York Mellon Corp acquired a new position in TrueBlue during the second quarter valued at $643,000. Institutional investors and hedge funds own 97.15% of the company's stock.

TrueBlue Company Profile

TrueBlue, Inc NYSE: TBI is a workforce solutions company that connects businesses with employees and provides staffing, recruiting and workforce management services. Its offerings support employers seeking temporary, contingent and permanent workers across a range of industries, including manufacturing, logistics, retail, hospitality, construction and other commercial sectors.

The company operates through several specialized brands. PeopleReady provides industrial and general labor staffing, while PeopleManagement offers on-site workforce management and contingent labor solutions.

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