TrueBlue (NYSE:TBI – Get Free Report) released its earnings results on Monday. The business services provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.46, Briefing.com reports. TrueBlue had a negative net margin of 0.74% and a positive return on equity of 2.39%. The business had revenue of $403.00 million for the quarter, compared to the consensus estimate of $400.24 million. During the same period in the previous year, the firm earned ($0.06) EPS. The business’s revenue for the quarter was down 13.4% on a year-over-year basis. TrueBlue updated its Q2 2024 guidance to EPS.
TrueBlue Price Performance
TrueBlue stock opened at $10.57 on Wednesday. The firm’s 50 day simple moving average is $11.40 and its 200-day simple moving average is $12.88. The company has a market cap of $331.62 million, a P/E ratio of -23.48 and a beta of 1.51. TrueBlue has a fifty-two week low of $10.15 and a fifty-two week high of $19.06.
Wall Street Analyst Weigh In
Separately, Robert W. Baird dropped their target price on shares of TrueBlue from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Tuesday.
TrueBlue Company Profile
TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries.
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