TrueBlue (TBI) Scheduled to Post Earnings on Monday

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

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

TrueBlue Stock Down 3.2 %

Shares of NYSE:TBI opened at $7.24 on Monday. The company has a 50 day moving average of $7.68 and a two-hundred day moving average of $9.47. TrueBlue has a 52-week low of $6.97 and a 52-week high of $16.14. The company has a market capitalization of $221.33 million, a price-to-earnings ratio of -19.57 and a beta of 1.49.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com lowered shares of 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.