Sidoti Csr Has Pessimistic Outlook of TrueBlue Q1 Earnings

TrueBlue, Inc. (NYSE:TBI) – Analysts at Sidoti Csr cut their Q1 2025 earnings per share estimates for shares of TrueBlue in a research note issued on Thursday, February 20th. Sidoti Csr analyst M. Riddick now anticipates that the business services provider will post earnings of ($0.23) per share for the quarter, down from their prior estimate 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.

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

TBI has been the subject of a number of other research reports. StockNews.com cut TrueBlue from a “hold” rating to a “sell” rating in a report on Saturday. BMO Capital Markets lowered their target price on TrueBlue from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th.

TrueBlue Price Performance

Shares of TBI opened at $5.96 on Monday. TrueBlue has a 12-month low of $5.88 and a 12-month high of $12.65. The business has a 50-day simple moving average of $7.76 and a two-hundred day simple moving average of $7.71. The company has a quick ratio of 1.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.02. The stock has a market cap of $176.91 million, a PE ratio of -1.43, a PEG ratio of 3.01 and a beta of 1.42.

Institutional Investors Weigh In On TrueBlue

Several institutional investors and hedge funds have recently made changes to their positions in TBI. Quantbot Technologies LP acquired a new stake in shares of TrueBlue in the third quarter valued at about $79,000. SG Americas Securities LLC acquired a new stake in shares of TrueBlue in the fourth quarter valued at about $108,000. Proficio Capital Partners LLC acquired a new stake in shares of TrueBlue in the fourth quarter valued at about $116,000. MetLife Investment Management LLC increased its stake in shares of TrueBlue by 23.5% in the fourth quarter. MetLife Investment Management LLC now owns 15,886 shares of the business services provider’s stock valued at $133,000 after buying an additional 3,028 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of TrueBlue by 24.7% in the fourth quarter. Wells Fargo & Company MN now owns 17,112 shares of the business services provider’s stock valued at $144,000 after buying an additional 3,393 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.