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

Trueblue

06/05/2024 23:55

* TrueBlue Inc  TBI.N  reported quarterly adjusted earnings
of 3
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -6
cents.  The mean expectation of four analysts for the quarter
was for a loss of 37 cents per share. Wall Street expected
results to range from -43 cents to -30 cents per share.
    * Revenue fell 13.4% to $402.85 million from a year ago;
analysts
expected $400.37 million. 
    * TrueBlue Inc's reported EPS for the quarter was a loss
of 5
cents​.
    * The company reported a quarterly loss of $1.7 million.
    * TrueBlue Inc shares had fallen by 15.6% this quarter and
lost 31.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 164.3% 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
$15.00 
This summary was machine generated from LSEG data May 6 at 10:55
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      -0.37          0.03           Beat
 Dec. 31 2023      0.01           0.08           Beat
 Sep. 30 2023      0.24           0.16           Missed
 Jun. 30 2023      0.23           0.17           Missed