Sidoti Issues Pessimistic Forecast for TrueBlue Earnings

TrueBlue, Inc. (NYSE:TBI) – Research analysts at Sidoti cut their Q2 2026 EPS estimates for TrueBlue in a note issued to investors on Thursday, February 19th. Sidoti analyst M. Riddick now forecasts that the business services provider will post earnings of $0.04 per share for the quarter, down from their prior forecast of $0.08. The consensus estimate for TrueBlue’s current full-year earnings is $0.15 per share. Sidoti also issued estimates for TrueBlue’s Q3 2026 earnings at $0.24 EPS and Q4 2026 earnings at $0.25 EPS.

Several other equities analysts have also weighed in on TBI. Weiss Ratings reissued a “sell (d-)” rating on shares of TrueBlue in a research report on Monday, December 29th. Wall Street Zen upgraded TrueBlue to a “hold” rating in a research note on Saturday, January 17th. BMO Capital Markets dropped their price target on TrueBlue from $8.00 to $6.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Finally, Robert W. Baird set a $5.50 price target on TrueBlue in a report on Thursday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $5.75.

TrueBlue Stock Performance

Shares of TBI opened at $3.91 on Friday. The company has a 50-day moving average of $4.89 and a two-hundred day moving average of $5.35. The stock has a market cap of $116.92 million, a price-to-earnings ratio of -2.44, a PEG ratio of 0.66 and a beta of 1.49. TrueBlue has a one year low of $3.45 and a one year high of $7.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.01 and a quick ratio of 2.01.

TrueBlue (NYSE:TBI) last announced its earnings results on Wednesday, February 18th. The business services provider reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.17). The business had revenue of $418.18 million for the quarter, compared to the consensus estimate of $413.31 million. TrueBlue had a negative net margin of 2.97% and a negative return on equity of 6.71%.

Institutional Investors Weigh In On TrueBlue

Several large investors have recently modified their holdings of TBI. Dynamic Technology Lab Private Ltd bought a new stake in shares of TrueBlue during the 4th quarter valued at approximately $48,000. Simplex Trading LLC lifted its stake in shares of TrueBlue by 56.9% in the 4th quarter. Simplex Trading LLC now owns 11,018 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 3,995 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in shares of TrueBlue in the 4th quarter valued at $53,000. Jain Global LLC acquired a new stake in shares of TrueBlue during the 4th quarter valued at $58,000. Finally, State of Wyoming grew its position in TrueBlue by 601.2% during the 3rd quarter. State of Wyoming now owns 9,558 shares of the business services provider’s stock worth $59,000 after acquiring an additional 8,195 shares during the last quarter. 97.15% of the stock is currently owned by 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.