
TrueBlue (TBI) Stock Forecast & Price Target
TrueBlue (TBI) Analyst Ratings
Bulls say
TrueBlue Inc. has demonstrated resilience with a 2% year-over-year revenue increase, primarily bolstered by significant growth in the commercial staffing sector. The company recorded a notable improvement in its adjusted EBITDA margin, rising by 50 basis points to 0.7%, attributed to effective strategic cost measures. This combination of steady revenue growth in key segments and enhanced operational efficiency supports a positive outlook for TrueBlue's stock.
Bears say
TrueBlue Inc. reported a significant decline in its adjusted EBITDA margin, which decreased by 320 basis points year-over-year to 5.2%, reflecting lower operating leverage as organic revenues experienced a downturn. Additionally, the PeopleReady segment, which accounts for the majority of the company’s revenues, saw a revenue decline of 5% year-over-year, exceeding the projected decline of 3%, highlighting persistent weaknesses across various client verticals. Furthermore, TrueBlue reported an adjusted loss per share of $(0.07) for the second quarter, indicating ongoing financial strain and performance issues.
This aggregate rating is based on analysts' research of TrueBlue and is not a guaranteed prediction by Public.com or investment advice.
TrueBlue (TBI) Analyst Forecast & Price Prediction
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