Sidoti Brokers Reduce Earnings Estimates for TrueBlue

TrueBlue, Inc. (NYSE:TBI) – Sidoti lowered their Q1 2026 earnings per share estimates for shares of TrueBlue in a research report issued on Thursday, February 19th. Sidoti analyst M. Riddick now forecasts that the business services provider will post earnings per share of ($0.45) for the quarter, down from their previous estimate of $0.03. The consensus estimate for TrueBlue’s current full-year earnings is $0.15 per share. Sidoti also issued estimates for TrueBlue’s FY2026 earnings at $0.08 EPS.

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

TrueBlue Price Performance

Shares of TBI opened at $3.68 on Monday. The firm has a market cap of $110.71 million, a PE ratio of -2.30, a price-to-earnings-growth ratio of 3.31 and a beta of 1.48. TrueBlue has a 52-week low of $3.45 and a 52-week high of $7.78. The business’s 50 day moving average price is $4.85 and its two-hundred day moving average price is $5.31. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.15 and a current ratio of 2.15.

TrueBlue (NYSE:TBI) last announced its earnings results on Wednesday, February 18th. The business services provider reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.17). TrueBlue had a negative net margin of 2.97% and a negative return on equity of 6.87%. The business had revenue of $418.18 million for the quarter, compared to the consensus estimate of $413.31 million.

Institutional Investors Weigh In On TrueBlue

Institutional investors and hedge funds have recently made changes to their positions in the business. Boston Partners boosted its position in shares of TrueBlue by 107.7% during the third quarter. Boston Partners now owns 1,614,404 shares of the business services provider’s stock valued at $9,895,000 after buying an additional 837,123 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of TrueBlue by 32.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,012,217 shares of the business services provider’s stock worth $9,156,000 after buying an additional 492,984 shares in the last quarter. Prosight Management LP lifted its position in shares of TrueBlue by 456.8% during the 4th quarter. Prosight Management LP now owns 442,554 shares of the business services provider’s stock worth $2,014,000 after buying an additional 363,078 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of TrueBlue by 80.8% in the fourth quarter. Russell Investments Group Ltd. now owns 656,233 shares of the business services provider’s stock valued at $2,986,000 after acquiring an additional 293,363 shares in the last quarter. Finally, Invenomic Capital Management LP grew its holdings in shares of TrueBlue by 60.5% in the fourth quarter. Invenomic Capital Management LP now owns 442,225 shares of the business services provider’s stock valued at $2,012,000 after acquiring an additional 166,660 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

TrueBlue Company Profile

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.