TrueBlue (TBI) Set to Announce Quarterly Earnings on Monday

TrueBlue (NYSE:TBI) is set to announce its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of ($0.23) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

TrueBlue (NYSE:TBI) last issued its earnings results on Monday, August 5th. The business services provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.30). The firm had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $414.49 million. TrueBlue had a negative return on equity of 0.55% and a negative net margin of 6.18%. The business’s revenue was down 16.7% on a year-over-year basis. During the same quarter last year, the business earned $0.17 EPS. On average, analysts expect TrueBlue to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TrueBlue Stock Performance

NYSE TBI opened at $7.60 on Friday. The stock has a 50-day simple moving average of $7.66 and a two-hundred day simple moving average of $9.38. The firm has a market capitalization of $232.33 million, a P/E ratio of -2.12 and a beta of 1.49. TrueBlue has a fifty-two week low of $6.97 and a fifty-two week high of $16.14.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TBI. StockNews.com lowered TrueBlue from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. BMO Capital Markets cut their price objective on TrueBlue from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th.

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.