TrueBlue Q1 2024 Adj EPS $0.03 Beats $(0.37) Estimate, Sales $402.853M Beat $400.367M Estimate
Portfolio Pulse from Benzinga Newsdesk
TrueBlue (NYSE:TBI) reported Q1 2024 earnings of $0.03 per share, surpassing the $(0.37) estimate, marking a 150% increase from last year's $(0.06) per share loss. Sales reached $402.853M, slightly above the $400.367M estimate but represent a 13.42% decrease from the previous year's $465.288M.

May 06, 2024 | 8:32 pm
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TrueBlue reported a significant earnings beat and a slight sales beat for Q1 2024, with EPS at $0.03 against a $(0.37) estimate and sales of $402.853M against a $400.367M estimate.
TrueBlue's earnings beat and slight sales beat indicate strong performance and operational efficiency, likely leading to positive investor sentiment and potential short-term stock price appreciation. The significant beat on EPS, especially moving from a loss to a profit, is a strong positive signal to the market. However, the decrease in sales year-over-year might temper some of the positive momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100