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TBI — Trueblue News Story

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TrueBlue Q4 revenue rises 8%, but net loss widens

Overview

Workforce solutions provider's Q4 revenue grew 8% yr/yr

Adjusted EPS for Q4 missed analyst expectations

Company's net loss widened due to non-cash impairment charge

Outlook

TrueBlue did not provide specific guidance in the press release

Result Drivers

ORGANIC GROWTH - TrueBlue's Q4 revenue growth was driven by momentum in skilled businesses and stability in demand trends, per CEO Taryn Owen

ACQUISITION CONTRIBUTION - Revenue included $14 mln from the acquisition of Healthcare Staffing Professionals

SG&A IMPROVEMENT - SG&A expenses improved by 11% compared to the prior year period

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueBeat$418 mln$413.36 mln (1 Analyst)
Q4 Adjusted EPSMiss-$0.25-$0.05 (3 Analysts)
Q4 Net Income-$32 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 92.3% above its February 17 closing price of $4.42 The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 22 three months ago Press Release: ID:nBw27H55sa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)

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