Sidoti Csr Issues Pessimistic Estimate for TrueBlue Earnings

Key Points

• Sidoti Csr has revised TrueBlue's Q3 2025 earnings per share estimate to ($0.09), significantly down from the prior forecast of $0.04, reflecting a pessimistic outlook.
• BMO Capital Markets has increased its price target on TrueBlue from $7.00 to $8.00 and rated the company as "outperform."
• TrueBlue’s share price has decreased by 3.1%, currently trading around $5.90, amidst concerns about profitability and earnings performance.

TrueBlue, Inc. (NYSE:TBI - Free Report) - Research analysts at Sidoti Csr decreased their Q3 2025 earnings per share estimates for TrueBlue in a note issued to investors on Tuesday, August 5th. Sidoti Csr analyst M. Riddick now expects that the business services provider will earn ($0.09) per share for the quarter, down from their previous estimate of $0.04. The consensus estimate for TrueBlue's current full-year earnings is $0.15 per share. Sidoti Csr also issued estimates for TrueBlue's Q4 2025 earnings at ($0.02) EPS and FY2025 earnings at ($0.57) EPS.

TrueBlue (NYSE:TBI - Get Free Report) last released its earnings results on Monday, August 4th. The business services provider reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.24. TrueBlue had a negative return on equity of 5.74% and a negative net margin of 2.21%. The firm had revenue of $396.30 million for the quarter, compared to the consensus estimate of $400.52 million.

Separately, BMO Capital Markets lifted their target price on TrueBlue from $7.00 to $8.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th.

TrueBlue Stock Performance

NYSE:TBI traded down $0.20 during trading hours on Thursday, reaching $5.62. 49,759 shares of the stock were exchanged, compared to its average volume of 250,355. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.18. The firm has a 50 day simple moving average of $6.63 and a 200-day simple moving average of $6.05. TrueBlue has a 52 week low of $3.45 and a 52 week high of $9.05. The stock has a market capitalization of $168.04 million, a P/E ratio of -4.90 and a beta of 1.55.

Hedge Funds Weigh In On TrueBlue

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in TrueBlue during the 4th quarter worth $478,000. JPMorgan Chase & Co. boosted its stake in shares of TrueBlue by 99.6% during the 4th quarter. JPMorgan Chase & Co. now owns 218,552 shares of the business services provider's stock worth $1,836,000 after buying an additional 109,041 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of TrueBlue by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 678,393 shares of the business services provider's stock worth $5,700,000 after buying an additional 4,499 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of TrueBlue by 24.7% during the 4th quarter. Wells Fargo & Company MN now owns 17,112 shares of the business services provider's stock worth $144,000 after buying an additional 3,393 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in TrueBlue by 189.4% in the 4th quarter. Russell Investments Group Ltd. now owns 147,200 shares of the business services provider's stock valued at $1,236,000 after purchasing an additional 96,340 shares during the last quarter. 97.15% of the stock is currently owned by 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.