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Trueblue Inc (TBI)
NYSE:TBI
Holding TBI?
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.16Last Year’s EPS
0.08Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: 2.22%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Negative
The earnings call outlines significant achievements in digital transformation and growth in commercial driving services, yet these are overshadowed by a substantial decline in overall revenue, losses in key segments, and a net financial loss. While there are promising strategic initiatives, the current market challenges and revenue declines present a negative outlook.Company Guidance
During the TrueBlue Q3 2024 earnings call, the company provided guidance indicating continued challenges in the staffing industry, with a projected revenue decline of 24% to 18% for the fourth quarter. This decline includes a 6% headwind from an extra week in the previous fiscal year and a 1% impact from the sale of their on-demand business in Canada. Despite these challenges, the company reported a revenue of $382 million for the quarter, down 19% year-over-year, with a reduction in operating costs by 17%. The gross margin remained flat at 26.2%, while SG&A expenses were reduced by 17%. TrueBlue highlighted growth in their commercial driving services, delivering double-digit growth for the third consecutive quarter, and emphasized their strategic focus on digital transformation and expansion in high-growth markets such as healthcare and renewable energy. The company also reported a net loss of $8 million and an adjusted EBITDA of $5 million for the quarter.Commercial Driving Services Growth
Commercial driving services delivered double-digit growth for the quarter, marking the third consecutive quarter of growth.
Digital Transformation Success
The new proprietary JobStack app was successfully rolled out well ahead of the year-end goal, marking a significant milestone in the company's digital transformation.
Cost Reduction Achievements
Operating costs were reduced by 17% for the quarter, showcasing the company's commitment to enhancing profitability and aligning the cost structure with client demand.
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TBI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TBI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $7.66 | $7.33 | -4.31% |
| Aug 05, 2024 | $10.71 | $8.10 | -24.37% |
| May 06, 2024 | $10.59 | $10.56 | -0.28% |
| Feb 21, 2024 | $12.43 | $11.04 | -11.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Trueblue Inc (TBI) report earnings?
Trueblue Inc (TBI) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Trueblue Inc (TBI) earnings time?
Trueblue Inc (TBI) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TBI EPS forecast?
TBI EPS forecast for the fiscal quarter 2024 (Q4) is -0.16.
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