TrueBlue (NYSE:TBI) Posts Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Key Points

• TrueBlue reported an earnings per share (EPS) of ($0.07), exceeding analysts' expectations of ($0.31) by $0.24.
• The company's market capitalization stands at $188.95 million, with a price-to-earnings ratio of -1.38 and revenue challenges reflected in a negative return on equity of 8.25%.
• Institutional investors hold 97.15% of TrueBlue's shares, with the recent acquisition by Dynamic Technology Lab Private Ltd indicating strong interest in the stock.

TrueBlue (NYSE:TBI - Get Free Report) issued its earnings results on Monday. The business services provider reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.31) by $0.24, Zacks reports. TrueBlue had a negative return on equity of 5.74% and a negative net margin of 2.21%. The business had revenue of $396.30 million during the quarter, compared to analyst estimates of $400.52 million. TrueBlue updated its Q3 2025 guidance to EPS.

TrueBlue Stock Down 1.9%

TrueBlue stock traded down $0.12 during midday trading on Friday, reaching $5.95. The stock had a trading volume of 25,428 shares, compared to its average volume of 250,818. The company has a market capitalization of $177.76 million, a P/E ratio of -5.17 and a beta of 1.55. The company has a current ratio of 1.94, a quick ratio of 1.80 and a debt-to-equity ratio of 0.18. TrueBlue has a 12 month low of $3.45 and a 12 month high of $9.05. The company has a fifty day moving average price of $6.63 and a two-hundred day moving average price of $6.09.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On TrueBlue

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in TrueBlue by 0.5% in the second quarter. Geode Capital Management LLC now owns 692,713 shares of the business services provider's stock valued at $4,490,000 after purchasing an additional 3,269 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in shares of TrueBlue in the second quarter worth $83,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in TrueBlue during the first quarter valued at about $156,000. Institutional investors and hedge funds own 97.15% of the company's stock.

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.