Overview
TrueBlue Q3 revenue grows 13%, beating analyst expectations
Adjusted EPS for Q3 beats consensus
Company reports net loss of $2 mln, improved from $8 mln last year
Outlook
Company did not provide specific financial guidance for the current quarter or full year in its press release
Result Drivers
HSP ACQUISITION - Contributed $14 mln to Q3 revenue, aiding overall growth
ENERGY SECTOR GROWTH - Revenue more than doubled, boosting skilled business performance
SG&A IMPROVEMENT - SG&A expenses decreased by 8%, aiding financial performance
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $431 mln | $409 mln (3 Analysts) |
Q3 Adjusted EPS | Beat | $0.03 | -$0.08 (4 Analysts) |
Q3 Net Income | -$2 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the employment services peer group is "buy"
Wall Street's median 12-month price target for TrueBlue Inc is $8.00, about 40.8% above its October 31 closing price of $4.74
The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 90 three months ago
Press Release: ID:nBw4ftr8La
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)