TrueBlue (TBI) Reports Q1 Loss, Tops Revenue Estimates

Group 1: Earnings Performance - TrueBlue reported a quarterly loss of $0.40 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.23, and compared to earnings of $0.03 per share a year ago, indicating a significant decline [1] - The company posted revenues of $370.25 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.53%, but down from $402.85 million in the same quarter last year [2] - TrueBlue has surpassed consensus EPS estimates two times over the last four quarters [2] Group 2: Stock Performance and Outlook - TrueBlue shares have declined approximately 47.1% since the beginning of the year, contrasting with the S&P 500's decline of only 3.3% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.18 on revenues of $368.34 million, and for the current fiscal year, it is -$0.37 on revenues of $1.48 billion [7] - The estimate revisions trend for TrueBlue is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Group 3: Industry Context - The Staffing Firms industry, to which TrueBlue belongs, is currently ranked in the bottom 9% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact TrueBlue's stock performance [5]