What is Sidoti's Forecast for TrueBlue FY2026 Earnings?

Key Points

• Sidoti raised its FY2026 EPS forecast for TrueBlue to $0.06 from a prior estimate of a $0.09 loss per share, exceeding the current consensus estimate of a $0.09 loss.
• TrueBlue reported quarterly EPS of $0.06, beating the $0.10-per-share loss analysts expected, while revenue of $443 million surpassed the $417.84 million consensus.
• The stock was trading at $10.18, up 2.8%, while analysts maintained a consensus “Hold” rating with a $7.75 price target; institutional investors own 97.15% of shares.

TrueBlue, Inc. (NYSE:TBI - Free Report) - Analysts at Sidoti boosted their FY2026 EPS estimates for TrueBlue in a note issued to investors on Wednesday, August 5th. Sidoti analyst M. Riddick now anticipates that the business services provider will earn $0.06 per share for the year, up from their prior estimate of ($0.09). The consensus estimate for TrueBlue's current full-year earnings is ($0.09) per share.

Several other equities analysts have also recently issued reports on TBI. Zacks Research raised TrueBlue from a "strong sell" rating to a "hold" rating in a research note on Monday, April 20th. Weiss Ratings raised TrueBlue from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, July 2nd. Robert W. Baird set a $9.50 price target on shares of TrueBlue in a report on Wednesday. Finally, Wall Street Zen raised shares of TrueBlue from a "sell" rating to a "hold" rating in a research report on Saturday, June 20th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $7.75.

TrueBlue Trading Up 2.8%

NYSE TBI opened at $10.18 on Friday. The stock has a market cap of $309.57 million, a P/E ratio of -5.42 and a beta of 1.60. TrueBlue has a fifty-two week low of $3.18 and a fifty-two week high of $10.52. The stock has a 50 day simple moving average of $7.41 and a two-hundred day simple moving average of $5.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.09 and a current ratio of 2.28.

TrueBlue (NYSE:TBI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.16. The company had revenue of $443.00 million for the quarter, compared to the consensus estimate of $417.84 million. TrueBlue had a negative return on equity of 6.26% and a negative net margin of 3.35%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp purchased a new position in shares of TrueBlue in the 1st quarter valued at approximately $41,000. Dynamic Technology Lab Private Ltd purchased a new stake in TrueBlue in the fourth quarter worth $48,000. Simplex Trading LLC raised its holdings in TrueBlue by 56.9% in the fourth quarter. Simplex Trading LLC now owns 11,018 shares of the business services provider's stock worth $50,000 after purchasing an additional 3,995 shares in the last quarter. Glenmede Trust Co. NA bought a new position in TrueBlue in the first quarter worth $53,000. Finally, Balyasny Asset Management L.P. purchased a new position in TrueBlue during the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 97.15% of the company's stock.

About TrueBlue

TrueBlue, Inc is a Tacoma, Washington–based workforce solutions provider specializing in temporary staffing, permanent placement and managed service solutions. Operating through its subsidiaries and brands, TrueBlue connects clients across manufacturing, logistics, retail, construction and public sector markets with skilled professionals for both short-term and long-term engagements. The company's offerings encompass on-demand blue-collar labor, specialized industrial staffing, recruitment process outsourcing (RPO) and contingent workforce management.

TrueBlue's primary service lines include PeopleReady, which supplies general labor for construction, hospitality and event services; PeopleManagement, which focuses on technical and industrial professionals; PeopleScout, a global RPO business offering end-to-end talent acquisition and consulting; and Staff Management | SMX, which delivers seasonal staffing for large-scale events, amusement parks and federal workforce contracts.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source