Sidoti Issues Pessimistic Forecast for TrueBlue Earnings

TrueBlue, Inc. (NYSE:TBI) – Research analysts at Sidoti dropped their Q4 2026 earnings per share (EPS) estimates for shares of TrueBlue in a report issued on Wednesday, August 5th. Sidoti analyst M. Riddick now expects that the business services provider will earn $0.20 per share for the quarter, down from their previous forecast of $0.21. The consensus estimate for TrueBlue’s current full-year earnings is ($0.09) per share.

A number of other research firms have also recently weighed in on TBI. Wall Street Zen raised TrueBlue from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Robert W. Baird set a $9.50 target price on shares of TrueBlue in a report on Wednesday. Zacks Research upgraded shares of TrueBlue from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Weiss Ratings raised shares of TrueBlue from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $7.75.

TrueBlue Stock Performance

Shares of TBI opened at $9.81 on Thursday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $7.33 and a two-hundred day simple moving average of $5.55. The stock has a market cap of $298.22 million, a price-to-earnings ratio of -5.22 and a beta of 1.60. TrueBlue has a 52 week low of $3.18 and a 52 week high of $10.25.

TrueBlue (NYSE:TBI) last announced its earnings results on Tuesday, August 4th. The business services provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.16. The company had revenue of $443.00 million for the quarter, compared to analysts’ expectations of $417.84 million. TrueBlue had a negative return on equity of 6.13% and a negative net margin of 3.35%.

Institutional Investors Weigh In On TrueBlue

Institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of TrueBlue during the first quarter valued at approximately $156,000. Envestnet Asset Management Inc. bought a new position in shares of TrueBlue during the second quarter worth $83,000. Geode Capital Management LLC grew its stake in TrueBlue by 0.5% during 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 acquiring an additional 3,269 shares in the last quarter. XTX Topco Ltd grew its stake in TrueBlue by 11.4% during the second quarter. XTX Topco Ltd now owns 18,106 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 1,858 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in TrueBlue by 6.5% in the 2nd quarter. Hsbc Holdings PLC now owns 43,259 shares of the business services provider’s stock valued at $288,000 after acquiring an additional 2,646 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

TrueBlue Company Profile

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.