TrueBlue: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
TrueBlue (NYSE:TBI) reported Q4 earnings with an EPS of $0.08, beating estimates by 700% but with a revenue decrease of $65.52M from the previous year. The company had previously missed EPS estimates last quarter, leading to a 21.67% share price drop.
February 21, 2024 | 9:20 pm
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TrueBlue reported a significant beat on Q4 earnings estimates with an EPS of $0.08, far exceeding the expected $0.01, but saw a decrease in revenue compared to last year.
TrueBlue's substantial beat on earnings estimates is likely to positively impact investor sentiment and potentially the stock price in the short term, despite the revenue decrease. Historical context shows that missing earnings estimates previously led to a significant drop in share price, indicating high sensitivity of TBI's stock price to earnings performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100