TrueBlue, Inc. (NYSE:TBI) to Post Q1 2025 Earnings of $0.20 Per Share, Sidoti Csr Forecasts

TrueBlue, Inc. (NYSE:TBI - Free Report) - Equities researchers at Sidoti Csr raised their Q1 2025 earnings per share (EPS) estimates for TrueBlue in a report issued on Tuesday, May 7th. Sidoti Csr analyst M. Riddick now forecasts that the business services provider will post earnings of $0.20 per share for the quarter, up from their prior forecast of $0.19. The consensus estimate for TrueBlue's current full-year earnings is ($0.51) per share. Sidoti Csr also issued estimates for TrueBlue's Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.37 EPS and FY2025 earnings at $1.16 EPS.

TrueBlue (NYSE:TBI - Get Free Report) last announced its earnings results on Monday, May 6th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.46. The company had revenue of $403.00 million for the quarter, compared to analysts' expectations of $400.24 million. TrueBlue had a negative net margin of 0.74% and a positive return on equity of 2.39%. The firm's quarterly revenue was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.06) EPS.

Several other equities research analysts have also recently commented on TBI. Robert W. Baird cut their price target on TrueBlue from $14.00 to $13.00 and set an "outperform" rating for the company in a report on Tuesday. BMO Capital Markets dropped their price objective on shares of TrueBlue from $15.00 to $13.00 and set an "outperform" rating for the company in a report on Wednesday.

TrueBlue Trading Up 5.9 %

TBI stock traded up $0.62 during mid-day trading on Thursday, reaching $11.17. The company's stock had a trading volume of 445,878 shares, compared to its average volume of 408,710. The company's 50 day moving average is $11.36 and its two-hundred day moving average is $12.85. TrueBlue has a fifty-two week low of $10.15 and a fifty-two week high of $19.06. The stock has a market cap of $350.46 million, a PE ratio of -24.81 and a beta of 1.51.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TBI. Amalgamated Bank grew its holdings in shares of TrueBlue by 10.4% during the 3rd quarter. Amalgamated Bank now owns 13,151 shares of the business services provider's stock worth $193,000 after purchasing an additional 1,234 shares during the period. Lord Abbett & CO. LLC lifted its position in TrueBlue by 0.4% in the first quarter. Lord Abbett & CO. LLC now owns 358,787 shares of the business services provider's stock valued at $4,492,000 after buying an additional 1,303 shares during the last quarter. Deutsche Bank AG boosted its stake in TrueBlue by 5.5% during the third quarter. Deutsche Bank AG now owns 35,999 shares of the business services provider's stock worth $528,000 after buying an additional 1,885 shares during the period. SG Americas Securities LLC increased its position in shares of TrueBlue by 12.8% during the fourth quarter. SG Americas Securities LLC now owns 19,931 shares of the business services provider's stock valued at $306,000 after acquiring an additional 2,268 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of TrueBlue by 46.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,483 shares of the business services provider's stock valued at $168,000 after acquiring an additional 3,635 shares during the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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.