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 that wish to register for the company’s conference call can do so using this link.

TrueBlue (NYSE:TBI) last posted its quarterly earnings data on Monday, August 5th. The business services provider reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 6.18% and a negative return on equity of 0.55%. TrueBlue’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 Trading Up 1.5 %

TBI stock opened at $7.60 on Friday. The company has a market capitalization of $232.33 million, a PE ratio of -2.12 and a beta of 1.49. TrueBlue has a 12-month low of $6.97 and a 12-month high of $16.14. The business’s fifty day moving average price is $7.66 and its 200 day moving average price is $9.38.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. StockNews.com downgraded TrueBlue from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. BMO Capital Markets dropped their price objective on TrueBlue from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th.

About TrueBlue

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.