TrueBlue Q4 2023 Adj EPS $0.08 Beats $0.01 Estimate, Sales $492.17M Beat $472.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
TrueBlue (NYSE:TBI) reported Q4 2023 earnings of $0.08 per share, surpassing the $0.01 estimate by 700%. However, this represents a 79.49% decrease from the previous year's earnings of $0.39 per share. Sales reached $492.17M, exceeding the $472.53M estimate by 4.16%, but marking an 11.75% decrease from the previous year's $557.70M.

February 21, 2024 | 9:19 pm
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TrueBlue reported a significant beat on both earnings and sales estimates for Q4 2023, with earnings of $0.08 per share and sales of $492.17M.
TrueBlue's significant beat on both earnings per share and sales estimates for Q4 2023 indicates strong operational performance, likely leading to positive investor sentiment in the short term. Despite the year-over-year declines, the substantial beat compared to analyst expectations could drive short-term stock price appreciation. However, the noted decrease from the previous year's figures introduces a note of caution, hence the importance is not at the maximum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100