What is Sidoti’s Forecast for TrueBlue Q1 Earnings?

TrueBlue, Inc. (NYSE:TBI) – Equities research analysts at Sidoti issued their Q1 2028 EPS estimates for TrueBlue in a note issued to investors on Thursday, November 5th. Sidoti analyst M. Riddick anticipates that the business services provider will post earnings per share of $0.14 for the quarter. The consensus estimate for TrueBlue’s current full-year earnings is $0.06 per share. Sidoti also issued estimates for TrueBlue’s Q2 2028 earnings at $0.21 EPS, Q3 2028 earnings at $0.31 EPS and FY2028 earnings at $0.98 EPS.

A number of other equities research analysts have also issued reports on TBI. Weiss Ratings reissued a “sell (d-)” rating on shares of TrueBlue in a research note on Tuesday, September 29th. Wall Street Zen raised shares of TrueBlue from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Robert W. Baird set a $9.50 price target on shares of TrueBlue in a research note on Wednesday, August 5th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $9.50.

TrueBlue Stock Up 24.0%

TBI stock opened at $12.20 on Friday. TrueBlue has a 12-month low of $3.18 and a 12-month high of $13.59. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.32. The company has a market cap of $371.43 million, a price-to-earnings ratio of -7.92, a PEG ratio of 11.71 and a beta of 1.74. The company has a 50 day moving average of $9.39 and a two-hundred day moving average of $6.88.

TrueBlue (NYSE:TBI) last announced its quarterly earnings data on Wednesday, November 4th. The business services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.14. The firm had revenue of $520.74 million for the quarter, compared to the consensus estimate of $468.06 million. TrueBlue had a negative net margin of 2.55% and a negative return on equity of 2.86%.

Institutional Investors Weigh In On TrueBlue

Several institutional investors and hedge funds have recently modified their holdings of the business. Pzena Investment Management LLC bought a new stake in TrueBlue in the second quarter worth $21,543,000. BlackRock Inc. acquired a new position in TrueBlue during the second quarter worth $15,550,000. Bank of America Corp DE bought a new position in TrueBlue during the second quarter valued at about $2,225,000. Manatuck Hill Partners LLC bought a new position in TrueBlue during the second quarter valued at about $1,115,000. Finally, Renaissance Technologies LLC raised its holdings in TrueBlue by 128.7% during the first quarter. Renaissance Technologies LLC now owns 220,934 shares of the business services provider’s stock valued at $864,000 after buying an additional 124,334 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

TrueBlue Company Profile

TrueBlue, Inc (NYSE:TBI) is a workforce solutions company that connects businesses with employees and provides staffing, recruiting and workforce management services. Its offerings support employers seeking temporary, contingent and permanent workers across a range of industries, including manufacturing, logistics, retail, hospitality, construction and other commercial sectors.

The company operates through several specialized brands. PeopleReady provides industrial and general labor staffing, while PeopleManagement offers on-site workforce management and contingent labor solutions.