Sidoti Has Negative Estimate for TrueBlue Q2 Earnings

TrueBlue, Inc. (NYSE:TBI) – Research analysts at Sidoti lowered their Q2 2026 EPS estimates for shares of TrueBlue in a report released on Thursday, February 19th. Sidoti analyst M. Riddick now expects that the business services provider will post earnings of $0.04 per share for the quarter, down from their prior forecast of $0.08. The consensus estimate for TrueBlue’s current full-year earnings is $0.15 per share. Sidoti also issued estimates for TrueBlue’s Q3 2026 earnings at $0.24 EPS and Q4 2026 earnings at $0.25 EPS.

TrueBlue (NYSE:TBI) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.17). The business had revenue of $418.18 million for the quarter, compared to the consensus estimate of $413.31 million. TrueBlue had a negative return on equity of 6.87% and a negative net margin of 2.97%.

A number of other equities research analysts have also recently commented on TBI. BMO Capital Markets lowered their price target on shares of TrueBlue from $8.00 to $6.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Robert W. Baird set a $5.50 target price on TrueBlue in a research report on Thursday. Wall Street Zen upgraded TrueBlue to a “hold” rating in a research note on Saturday, January 17th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TrueBlue in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, TrueBlue currently has a consensus rating of “Hold” and a consensus price target of $5.75.

TrueBlue Price Performance

Shares of NYSE:TBI opened at $3.70 on Friday. The company has a market capitalization of $111.07 million, a P/E ratio of -2.31, a price-to-earnings-growth ratio of 0.57 and a beta of 1.49. The company’s 50-day moving average is $4.87 and its 200 day moving average is $5.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.01 and a current ratio of 2.15. TrueBlue has a fifty-two week low of $3.45 and a fifty-two week high of $7.78.

Institutional Investors Weigh In On TrueBlue

Several large investors have recently added to or reduced their stakes in the business. Boston Partners boosted its stake in shares of TrueBlue by 1,236.2% in the 2nd quarter. Boston Partners now owns 547,528 shares of the business services provider’s stock valued at $3,547,000 after purchasing an additional 506,550 shares in the last quarter. Bailard Inc. bought a new stake in TrueBlue in the second quarter worth $996,000. Peapod Lane Capital LLC boosted its position in TrueBlue by 37.5% during the second quarter. Peapod Lane Capital LLC now owns 358,454 shares of the business services provider’s stock valued at $2,323,000 after buying an additional 97,698 shares during the period. Corton Capital Inc. bought a new position in shares of TrueBlue during the second quarter valued at about $76,000. Finally, Prudential Financial Inc. grew its stake in shares of TrueBlue by 35.3% during the second quarter. Prudential Financial Inc. now owns 430,329 shares of the business services provider’s stock valued at $2,789,000 after buying an additional 112,187 shares during the last quarter. Institutional investors own 97.15% of the company’s stock.

About TrueBlue

TrueBlue, Inc is a Tacoma, Washington–based workforce solutions provider specializing in temporary staffing, permanent placement and managed service solutions. Operating through its subsidiaries and brands, TrueBlue connects clients across manufacturing, logistics, retail, construction and public sector markets with skilled professionals for both short-term and long-term engagements. The company’s offerings encompass on-demand blue-collar labor, specialized industrial staffing, recruitment process outsourcing (RPO) and contingent workforce management.

TrueBlue’s primary service lines include PeopleReady, which supplies general labor for construction, hospitality and event services; PeopleManagement, which focuses on technical and industrial professionals; PeopleScout, a global RPO business offering end-to-end talent acquisition and consulting; and Staff Management | SMX, which delivers seasonal staffing for large-scale events, amusement parks and federal workforce contracts.