TrueBlue Earnings: Here’s Why the Stock is Up Now

TrueBlue, Inc. (NYSE:TBI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.2%.

TrueBlue, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 19.23% to $0.31 in the quarter versus EPS of $0.26 in the year-earlier quarter.

Revenue: Rose 19.21% to $422.31 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: TrueBlue, Inc. reported adjusted EPS income of $0.31 per share. By that measure, the company beat the mean analyst estimate of $0.25. It beat the average revenue estimate of $420.34 million.

Quoting Management: “We are pleased with the double-digit year-over-year revenue growth we experienced this quarter,” TrueBlue CEO Steve Cooper said. “Overall, demand for our specialized blue-collar staffing solutions grew across most industries and locations.”

Key Stats (on next page)…

Revenue increased 21.88% from $346.5 million in the previous quarter. EPS increased to $0.31 in the quarter versus EPS of $-0.03 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.43 to a profit $0.44. For the current year, the average estimate has moved up from a profit of $0.98 to a profit of $1.00 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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