TrueBlue (TBI) Scheduled to Post Quarterly Earnings on Monday

TrueBlue (NYSE:TBI - Get Free Report) is scheduled 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. Persons that are interested in participating in the company's earnings conference call can do so using this link.

TrueBlue (NYSE:TBI - Get Free Report) last released its quarterly 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). TrueBlue had a negative return on equity of 0.55% and a negative net margin of 6.18%. The company had revenue of $396.00 million for the quarter, compared to analysts' expectations of $414.49 million. During the same period in the prior year, the business earned $0.17 EPS. 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 Trading Up 3.0 %

Shares of NYSE TBI traded up $0.22 during midday trading on Monday, reaching $7.46. 142,232 shares of the company were exchanged, compared to its average volume of 324,212. TrueBlue has a 1 year low of $6.97 and a 1 year high of $16.14. The stock has a fifty day simple moving average of $7.68 and a 200 day simple moving average of $9.47. The stock has a market cap of $228.05 million, a P/E ratio of -20.38 and a beta of 1.49.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TBI. BMO Capital Markets lowered their price target on TrueBlue from $13.00 to $12.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. StockNews.com lowered TrueBlue from a "hold" rating to a "sell" rating in a report on Tuesday, August 6th.

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.