Temporary staffing firm TrueBlue Q3 revenue beats estimates, helped by growth in energy sector

Trueblue

03/11/2025 21:35

Overview

TrueBlue Q3 revenue grows 13%, beating analyst expectations

Adjusted EPS for Q3 beats consensus

Company reports net loss of $2 mln, improved from $8 mln last year

Outlook

Company did not provide specific financial guidance for the current quarter or full year in its press release

Result Drivers

HSP ACQUISITION - Contributed $14 mln to Q3 revenue, aiding overall growth

ENERGY SECTOR GROWTH - Revenue more than doubled, boosting skilled business performance

SG&A IMPROVEMENT - SG&A expenses decreased by 8%, aiding financial performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$431 mln
$409 mln (3 Analysts)
Q3 Adjusted EPS
Beat
$0.03
-$0.08 (4 Analysts)
Q3 Net Income
-$2 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the employment services peer group is "buy"

Wall Street's median 12-month price target for TrueBlue Inc is $8.00, about 40.8% above its October 31 closing price of $4.74

The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 90 three months ago

Press Release: ID:nBw4ftr8La

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)