TrueBlue Inc expected to post a loss of 5 cents a share - Earnings Preview

Trueblue

19/07/2024 12:10

* TrueBlue Inc  TBI.N   TBI  is expected to show a fall in
quarterly revenue when it reports  results on July 22
(estimated) for the period ending June 30 2024
    * The Tacoma Washington-based  company is expected to report
a
12.9% decrease in revenue to $414.472 million from $475.59
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on May 6
2024, for the period ended June 30, was for revenue between
$399.49 million and $428.03 million.
    * ​LSEG's mean analyst estimate for TrueBlue Inc is for a
loss
of 5 cents per share. 
    * 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 mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for TrueBlue
Inc is
$13.00​, above​ its last closing price of $11.14. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.37       -0.37      0.03      Beat    108.1
 Jan. 1 2024   0.00        0.01       0.08      Beat    700
 Jan. 1 0001   0.24        0.24       0.16      Missed  -31.9​
 Jun. 30 2023  0.22        0.23       0.17      Missed  -24.4
 ​​Mar.        -0.12       -0.11      -0.06     Beat    45.5
 31 2023                                                
 Dec. 31 2022  0.36        0.38       0.43      Beat    12.4​
 Jan. 1 0001   0.75        0.75       0.75      Met     0.3
 Jan. 1 0001   0.54        0.54       0.82      Beat    53.3
 This summary was machine generated July 19 at 11:10 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)