TrueBlue Q2 adjusted EPS beats estimates as on-demand business returns to growth

Trueblue

04/08/2026 21:13

Overview
U.S. workforce solutions firm's Q2 revenue rose 12% yr/yr to $443 mln
Adjusted EPS for Q2 was $0.06, beating analyst expectations
Company says growth driven by skilled verticals and core on-demand business

Outlook
TrueBlue says it is capturing demand in high-growth end markets
Company says operational efficiencies position it to capitalize on growth opportunities
TrueBlue points to continued strength in skilled verticals and growth in core on-demand business

Result Drivers
SKILLED VERTICALS - Co said continued strength in skilled verticals contributed to revenue growth
ON-DEMAND BUSINESS - Co cited a return to growth in its core on-demand business as a driver for overall revenue increase
COST EFFICIENCY - SG&A expense declined 7% yr/yr, which management said reflects operational efficiencies

Company press release: ID:nBw857yRBa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$443 mln
$417.84 mln (2 Analysts)
Q2 Adjusted EPS
Beat
$0.06
-$0.10 (3 Analysts)
Q2 Net Loss
 
$3.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "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 $8.50, about 12.7% above its August 3 closing price of $7.54
The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 38 three months ago

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(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.)