Overview

* TrueBlue ( TBI ) Q3 revenue grows 13%, beating analyst expectations

* Adjusted EPS for Q3 beats consensus

* Company reports net loss of $2 mln, improved from $8 mln last year

Outlook

* Company did not provide specific financial guidance for the current quarter or full year in its press release

Result Drivers

* HSP ACQUISITION - Contributed $14 mln to Q3 revenue, aiding overall growth

* ENERGY SECTOR GROWTH - Revenue more than doubled, boosting skilled business performance

* SG&A IMPROVEMENT - SG&A expenses decreased by 8%, aiding financial performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $431 mln $409 mln

Revenue (3

Analysts

)

Q3 Beat $0.03 -$0.08

Adjusted (4

EPS Analysts

)

Q3 Net -$2 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the employment services peer group is "buy"

* Wall Street's median 12-month price target for TrueBlue Inc ( TBI ) is $8.00, about 40.8% above its October 31 closing price of $4.74

* The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 90 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)