Trueblue
TBI

$7.40

4.52%

Market Cap: $221M

About: TrueBlue Inc is a provider of staffing and workforce management solutions. Its reportable segments include PeopleReady offers industrial staffing services. PeopleManagement offers contingent and productivity-based on-site industrial staffing services and PeopleScout offers recruitment process outsourcing, talent advisory services, and managed service provider services. It generates maximum revenue from the PeopleReady segment.

Employees: 5,000

Industrials Help Supply Services

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

600% more call options, than puts

Call options by funds: $7K | Put options by funds: $1K

1.14% less ownership

Funds ownership: 95.49% [Q1] → 94.35% (-1.14%) [Q2]

12% less funds holding

Funds holding: 136 [Q1] → 120 (-16) [Q2]

12% less repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 50

21% less capital invested

Capital invested by funds: $375M [Q1] → $297M (-$78.4M) [Q2]

47% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 34

50% less funds holding in top 10

Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$12

62%

upside

Avg. target

$12.50

69%

upside

High target

$13

76%

upside

2 analyst ratings

2 positive

100%

0 neutral

0%

0 negative

0%

BMO Capital Jeffrey Silber 43% 1-year accuracy 12 / 28 met price target	62%upside $12	Outperform Maintained	7 Aug 2024
BMO Capital Jeffrey Silber 43% 1-year accuracy 12 / 28 met price target	76%upside $13	Outperform Maintained	17 Jun 2024

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Financial journalist opinion

TrueBlue, Inc. (TBI) Q2 2024 Earnings Call Transcript

TrueBlue, Inc. (NYSE:TBI ) Q2 2024 Earnings Conference Call August 5, 2024 5:00 PM ET Company Participants Taryn Owen - President and CEO Carl Schweihs - CFO Conference Call Participants Mark Marcon - Baird Kartik Mehta - Northcoast Research Jeff Silber - BMO Capital Markets Marc Riddick - Sidoti & Company Operator Greetings and welcome to the TrueBlue Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

TrueBlue, Inc. (TBI) Q2 2024 Earnings Call Transcript

Zacks Investment Research

TrueBlue (TBI) Reports Q2 Loss, Lags Revenue Estimates

TrueBlue (TBI) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.17 per share a year ago.

TrueBlue (TBI) Reports Q2 Loss, Lags Revenue Estimates

TrueBlue Reports Second Quarter 2024 Results

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE:TBI) today announced its second quarter results for 2024. Second Quarter 2024 Financial Highlights Revenue of $396 million compared to $476 million in the prior year period Net loss of $105 million compared to net loss of $7 million in the prior year period Includes non-cash goodwill and intangible asset impairment charge of $45 million after tax and a related valuation allowance charge of $55 million on deferred tax assets SG&A expense reduced.

TrueBlue Reports Second Quarter 2024 Results

TrueBlue to Announce Second Quarter 2024 Results

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI) will release second quarter 2024 earnings results after the market close on Monday, Aug. 5, 2024. Management will discuss the results on a webcast at 2:00 p.m. PT (5:00 p.m. ET) on Monday, Aug. 5, 2024. The webcast and a presentation of financial information will be available on TrueBlue's website: www.trueblue.com. An audio replay will be available on the Company's website for a period of six months following the call. About TrueBlue TrueBlu.

TrueBlue to Announce Second Quarter 2024 Results

TrueBlue's PeopleScout Named a Global Leader in Everest Group's 2024 Recruitment Process Outsourcing Services PEAK Matrix® Assessment

Brand receives Leader distinction for sixth consecutive year TACOMA, Wash. , June 17, 2024 /PRNewswire/ -- TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, today announced that its global talent solutions brand, PeopleScout, has been named a global Leader in leading research firm Everest Group's 2024 Recruitment Process Outsourcing (RPO) Services PEAK Matrix® Assessment for the sixth consecutive year.

TrueBlue's PeopleScout Named a Global Leader in Everest Group's 2024 Recruitment Process Outsourcing Services PEAK Matrix® Assessment

Zacks Investment Research

Here are 3 Staffing Stocks to Consider Amid Industry Woes

Contracting economic activities in the manufacturing sector make prospects gloomy for the Zacks Staffing Firms industry. Healthy service activities, a rise in remote work and growing technology adoption being the saving graces, HSII, TBI and RCMT are likely to be the frontrunners in the industry.

Here are 3 Staffing Stocks to Consider Amid Industry Woes

TrueBlue to Participate in the Sidoti Virtual Investor Conference

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, today announced that Chief Executive Officer Taryn Owen and Chief Financial Officer Carl Schweihs will participate in a fireside chat at the Sidoti Virtual Investor Conference on Wednesday, June 12th at 4:00 PM Eastern Time. A live webcast and replay will be available through TrueBlue's Investor Relations website at investor.trueblue.com. Management will also host virtual meetings throug.

TrueBlue to Participate in the Sidoti Virtual Investor Conference

TrueBlue to Participate in the Baird Global Consumer, Technology & Services Conference

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, today announced that Chief Executive Officer Taryn Owen and Chief Financial Officer Carl Schweihs will be attending the Baird Global Consumer Technology & Services conference on Wednesday, June 5th and meeting with investors throughout the day. About TrueBlue TrueBlue (NYSE: TBI) is a leading provider of specialized workforce solutions that help clients achieve business growth and im.

TrueBlue to Participate in the Baird Global Consumer, Technology & Services Conference

TrueBlue's PeopleReady Skilled Trades Honors Careers in the Trades Amidst Skilled Labor Shortage

Company celebrates fourth annual Respect the Craft™ month, highlighting the essential contributions of tradespeople TACOMA, Wash. , May 29, 2024 /PRNewswire/ -- The skilled trades labor shortage remains a pressing issue affecting industries across the U.S. There have been close to 300,000 unique skilled trades job postings since the beginning of 2024, according to a recent analysis by PeopleReady Skilled Trades, a TrueBlue company (NYSE: TBI) and specialized division of PeopleReady.

TrueBlue's PeopleReady Skilled Trades Honors Careers in the Trades Amidst Skilled Labor Shortage

Zacks Investment Research

Wall Street Analysts Believe TrueBlue (TBI) Could Rally 88.02%: Here's is How to Trade

The consensus price target hints at an 88% upside potential for TrueBlue (TBI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Believe TrueBlue (TBI) Could Rally 88.02%: Here's is How to Trade

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