TrueBlue, Inc. (NYSE:TBI) is set to announce third quarter earning results on Monday 26th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, TBI to report 3Q20 income of $ 0.08 per share.
For the full year, analysts anticipate top line of $ 1799.26 million, while looking forward to income of $ 0.20 per share bottom line.
Previous Quarter Performance
TrueBlue, Inc. communicated loss for the second quarter of $ 0.12 per share, from the revenue of $ 358.94 million. The quarterly revenues down 41.73 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.42 per share from $ 347.16 million in revenue. The bottom line results beat street analysts by $ 0.3 or 71.43 percent, at the same time, top line results outshined analysts by $ 11.78 million or 3.39 percent.
Stock Performance
On Friday, shares of TrueBlue, Inc. has traded high as $ 18.59 and has cracked $ 18.14 on the downward trend, reaching $ 18.43 with volume of 176.80 thousand shares.
According to the previous trading day, closing price of $ 18.43, representing a 51.41 % increase from the 52 week low of $ 12.02 and a 27.14 % decrease over the 52 week high of $ 24.98.
The company has a market capital of $ 664.61 million and is part of the Industrials sector and Staffing & Outsourcing Services industry.
Recent Analyst recommendations
- On 1st October 2020, maintained by Sidoti at Neutral rating, with $ 16.00 target price.
Conference Call
TrueBlue, Inc. will be hosting a conference call at 5:00 PM eastern time on 26th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.trueblue.com
TrueBlue, Inc. provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout.
