TrueBlue Inc reports results for the quarter ended in June - Earnings Summary

Trueblue

05/08/2024 22:02

* TrueBlue Inc  TBI.N  reported a quarterly adjusted loss
of 35
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 17
cents.  The mean expectation of four analysts for the quarter
was for a loss of 5 cents per share. Wall Street expected
results to range from -11 cents to 1 cents per share.
    * Revenue fell 16.7% to $396.23 million from a year ago;
analysts
expected $414.47 million. 
    * TrueBlue Inc's reported EPS for the quarter was a loss of
$3.45​.
    * The company reported a quarterly loss of $104.71 million.
    * TrueBlue Inc shares had risen by 9.5% this quarter and
lost 26.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 also "buy"

Wall Street's median 12-month price target for TrueBlue Inc is
$13.00 
This summary was machine generated from LSEG data August 5 at
09:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -0.05          -0.35          Missed
 Mar. 31 2024      -0.37          0.03           Beat
 Dec. 31 2023      0.01           0.08           Beat
 Sep. 30 2023      0.24           0.16           Missed