Earnings results for Trueblue (NYSE:TBI)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at -0.39 and remained the same over the past month at -0.39. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 0.2 and remained the same over the past month at 0.2 . none raised and none lowered their forecast.
Trueblue last issued its quarterly earnings data on May 4th, 2020. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.05. The business earned $494.30 million during the quarter, compared to the consensus estimate of $495.22 million. Its revenue was down 10.5% compared to the same quarter last year. Trueblue has generated $2.05 earnings per share over the last year. Trueblue has confirmed that its next quarterly earnings report will be published on Monday, July 27th, 2020.
Analyst Opinion on Trueblue (NYSE:TBI)
4 Wall Street analysts have issued ratings and price targets for Trueblue in the last 12 months. Their average twelve-month price target is $16.00, suggesting that the stock has a possible upside of 17.22%. The high price target for TBI is $17.00 and the low price target for TBI is $15.00. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”
Trueblue has received a consensus rating of Hold. The company’s average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $16.00, Trueblue has a potential upside of 17.2% from its current price of $13.65. Trueblue has only been the subject of 3 research reports in the past 90 days.
Dividend Strength: Trueblue (NYSE:TBI)
Trueblue does not currently pay a dividend. Trueblue does not have a long track record of dividend growth.
Insiders buying/selling: Trueblue (NYSE:TBI)
In the past three months, Trueblue insiders have not sold or bought any company stock. Only 2.00% of the stock of Trueblue is held by insiders. 96.92% of the stock of Trueblue is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Trueblue (NYSE:TBI
Earnings for Trueblue are expected to grow by 375.00% in the coming year, from $0.20 to $0.95 per share. The P/E ratio of Trueblue is -5.17, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Trueblue is -5.17, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Trueblue has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
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