Research Analysts Set Expectations for TrueBlue Q2 Earnings

TrueBlue, Inc. (NYSE:TBI) – Stock analysts at Sidoti lowered their Q2 2026 earnings estimates for TrueBlue in a report issued on Wednesday, May 6th. Sidoti analyst M. Riddick now anticipates that the business services provider will post earnings per share of ($0.10) for the quarter, down from their prior forecast of $0.04. The consensus estimate for TrueBlue’s current full-year earnings is $0.08 per share. Sidoti also issued estimates for TrueBlue’s FY2026 earnings at ($0.09) EPS.

TrueBlue (NYSE:TBI) last issued its quarterly earnings data on Tuesday, May 5th. The business services provider reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.04. The firm had revenue of $398.57 million during the quarter, compared to analysts’ expectations of $390.51 million. TrueBlue had a negative net margin of 3.25% and a negative return on equity of 7.37%.

Other research analysts have also recently issued reports about the stock. Wall Street Zen upgraded shares of TrueBlue from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings upgraded shares of TrueBlue from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, April 29th. Zacks Research upgraded shares of TrueBlue from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Finally, Robert W. Baird set a $5.50 price target on shares of TrueBlue in a report on Thursday, February 19th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $5.75.

TrueBlue Stock Down 0.2%

Shares of NYSE TBI opened at $6.04 on Friday. The stock has a market capitalization of $183.46 million, a P/E ratio of -3.39, a P/E/G ratio of 5.40 and a beta of 1.61. The company has a 50-day moving average price of $4.14 and a 200-day moving average price of $4.65. TrueBlue has a 1 year low of $3.18 and a 1 year high of $7.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.09 and a quick ratio of 2.15.

Insider Activity

In other news, CEO Taryn R. Owen purchased 20,400 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were acquired at an average cost of $3.79 per share, for a total transaction of $77,316.00. Following the completion of the acquisition, the chief executive officer owned 791,807 shares in the company, valued at $3,000,948.53. This trade represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Carl Schweihs purchased 12,500 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were purchased at an average price of $3.72 per share, for a total transaction of $46,500.00. Following the completion of the acquisition, the chief financial officer owned 289,069 shares of the company’s stock, valued at $1,075,336.68. The trade was a 4.52% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 8.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd boosted its stake in TrueBlue by 11.4% in the second quarter. XTX Topco Ltd now owns 18,106 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 1,858 shares during the last quarter. Hsbc Holdings PLC boosted its stake in TrueBlue by 6.5% in the second quarter. Hsbc Holdings PLC now owns 43,259 shares of the business services provider’s stock valued at $288,000 after acquiring an additional 2,646 shares during the last quarter. Federated Hermes Inc. boosted its stake in TrueBlue by 21.3% in the fourth quarter. Federated Hermes Inc. now owns 17,685 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 3,111 shares during the last quarter. Geode Capital Management LLC boosted its stake in TrueBlue by 0.5% in the second quarter. Geode Capital Management LLC now owns 692,713 shares of the business services provider’s stock valued at $4,490,000 after acquiring an additional 3,269 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its stake in TrueBlue by 4.6% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 74,456 shares of the business services provider’s stock valued at $339,000 after acquiring an additional 3,270 shares during the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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.