TrueBlue First Quarter 2024 Earnings: EPS Beats Expectations

TrueBlue (NYSE:TBI) First Quarter 2024 Results

Key Financial Results

• Revenue: US$402.9m (down 13% from 1Q 2023).
• Net loss: US$1.70m (loss narrowed by 60% from 1Q 2023).
• US$0.055 loss per share (improved from US$0.13 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

TrueBlue EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 88%.

Looking ahead, revenue is expected to decline by 2.1% p.a. on average during the next 2 years, while revenues in the Professional Services industry in the US are expected to grow by 5.7%.

Performance of the American Professional Services industry.

The company's shares are up 1.3% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on TrueBlue's balance sheet health.

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