Sidoti Csr Has Pessimistic Outlook of TrueBlue Q1 Earnings

TrueBlue, Inc. (NYSE:TBI) – Research analysts at Sidoti Csr reduced their Q1 2025 earnings per share estimates for shares of TrueBlue in a report released on Thursday, February 20th. Sidoti Csr analyst M. Riddick now expects that the business services provider will earn ($0.23) per share for the quarter, down from their previous forecast of ($0.01). The consensus estimate for TrueBlue’s current full-year earnings is $0.15 per share. Sidoti Csr also issued estimates for TrueBlue’s Q2 2025 earnings at ($0.18) EPS and FY2025 earnings at ($0.37) EPS.

Several other research analysts have also issued reports on TBI. BMO Capital Markets cut their price target on TrueBlue from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. StockNews.com lowered TrueBlue from a “hold” rating to a “sell” rating in a report on Saturday.

TrueBlue Stock Down 2.7 %

Shares of NYSE:TBI opened at $5.96 on Monday. The business’s 50 day simple moving average is $7.76 and its two-hundred day simple moving average is $7.71. The firm has a market cap of $176.91 million, a P/E ratio of -1.43, a PEG ratio of 3.01 and a beta of 1.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.85 and a current ratio of 1.73. TrueBlue has a 52-week low of $5.88 and a 52-week high of $12.65.

TrueBlue (NYSE:TBI) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.14. The business had revenue of $385.95 million for the quarter, compared to analyst estimates of $385.04 million. TrueBlue had a negative return on equity of 3.90% and a negative net margin of 8.02%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Royce & Associates LP lifted its holdings in shares of TrueBlue by 28.5% in the third quarter. Royce & Associates LP now owns 1,082,085 shares of the business services provider’s stock valued at $8,538,000 after purchasing an additional 239,740 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of TrueBlue by 230.1% in the third quarter. BNP Paribas Financial Markets now owns 46,687 shares of the business services provider’s stock valued at $368,000 after purchasing an additional 32,542 shares in the last quarter. Barclays PLC lifted its holdings in shares of TrueBlue by 95.7% in the third quarter. Barclays PLC now owns 67,353 shares of the business services provider’s stock valued at $531,000 after purchasing an additional 32,940 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of TrueBlue by 33.1% in the third quarter. Assenagon Asset Management S.A. now owns 386,432 shares of the business services provider’s stock valued at $3,049,000 after purchasing an additional 96,072 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of TrueBlue by 0.3% in the third quarter. State Street Corp now owns 665,901 shares of the business services provider’s stock valued at $5,254,000 after purchasing an additional 1,968 shares in the last quarter. Institutional investors 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.