TrueblueTBI
TBI
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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
14% more call options, than puts
Call options by funds: $8K | Put options by funds: $7K
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
2.26% less ownership
Funds ownership: 96.11% [Q2] → 93.84% (-2.26%) [Q3]
7% less funds holding
Funds holding: 121 [Q2] → 112 (-9) [Q3]
27% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 49
27% less capital invested
Capital invested by funds: $303M [Q2] → $221M (-$81.7M) [Q3]
47% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 19
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$10
20%
upside
Avg. target
$10
20%
upside
High target
$10
20%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
BMO Capital Jeffrey Silber 56% 1-year accuracy 20 / 36 met price target | 20%upside $10 | Outperform Maintained | 5 Nov 2024 |
Financial journalist opinion
Based on 4 articles about TBI published over the past 30 days
Positive
Zacks Investment Research
2 days ago
TrueBlue (TBI) Is Attractively Priced Despite Fast-paced Momentum
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, TrueBlue (TBI) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Neutral
PRNewsWire
1 week ago
TrueBlue's PeopleReady Introduces Next Gen of Top-Rated JobStack App
Power ful Workforce Matching and New Features Boost Staffing Speed and Success TACOMA, Wash. , Dec. 12, 2024 /PRNewswire/ -- TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, today announced that PeopleReady has launched the next generation of its top-rated JobStack staffing app.
Positive
Zacks Investment Research
3 weeks ago
Wall Street Analysts See a 50.07% Upside in TrueBlue (TBI): Can the Stock Really Move This High?
The mean of analysts' price targets for TrueBlue (TBI) points to a 50.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Neutral
PRNewsWire
4 weeks ago
TrueBlue Leadership Recognized for Excellence in the Staffing Industry
TACOMA, Wash. , Nov. 21, 2024 /PRNewswire/ -- TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, is pleased to announce that President and CEO Taryn Owen and PeopleReady President Kristy Willis have been named to the Staffing Industry Analysts' (SIA) Global Power 150 Women in Staffing List.
Neutral
Zacks Investment Research
1 month ago
Bears are Losing Control Over TrueBlue (TBI), Here's Why It's a 'Buy' Now
TrueBlue (TBI) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Positive
Zacks Investment Research
1 month ago
New Strong Buy Stocks for November 14th
VNDA, TSQ, SPPJY, VMEO and TBI have been added to the Zacks Rank #1 (Strong Buy) List on November 14, 2024.
Positive
Zacks Investment Research
1 month ago
Wall Street Analysts Think TrueBlue (TBI) Could Surge 47.06%: Read This Before Placing a Bet
The average of price targets set by Wall Street analysts indicates a potential upside of 47.1% in TrueBlue (TBI). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Neutral
Seeking Alpha
1 month ago
TrueBlue, Inc. (TBI) Q3 2024 Earnings Call Transcript
TrueBlue, Inc. (NYSE:TBI ) Q3 2024 Earnings Conference Call November 4, 2024 5:00 PM ET Company Participants Taryn Owen - President and CEO Carl Schweihs - CFO Conference Call Participants Ryan Griffin - BMO Capital Markets Mark Marcon - Baird Kartik Mehta - Northcoast Research Marc Riddick - Sidoti & Company Operator Greetings and welcome to the TrueBlue Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Negative
Zacks Investment Research
1 month ago
TrueBlue (TBI) Reports Q3 Loss, Misses Revenue Estimates
TrueBlue (TBI) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to earnings of $0.16 per share a year ago.
Neutral
Business Wire
1 month ago
TrueBlue Reports Third Quarter 2024 Results
TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE:TBI) today announced its third quarter results for 2024. Third Quarter 2024 Financial Highlights Revenue of $382 million compared to $473 million in the prior year period Net loss of $8 million compared to net loss of $0 million in the prior year period SG&A expense reduced by 17 percent to $100 million compared to $121 million in the prior year period Adjusted EBITDA1 of $5 million compared to $10 million in the prior year period Zero debt, ca.
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