TrueBlue (TBI) Tops Q3 EPS by 1c, Revenues Beat; Q4 Revenue Outlook Below Consensus, Offers Q4 EPS Out

TrueBlue (NYSE: TBI) reported Q3 EPS of $0.79, $0.01 better than the analyst estimate of $0.78. Revenue for the quarter came in at $680 million versus the consensus estimate of $672.38 million.

“Our team delivered another quarter of revenue growth, gross margin expansion and strong EPS growth,” said Patrick Beharelle, CEO of TrueBlue. “PeopleReady produced its second consecutive quarter of revenue growth, and PeopleScout achieved its fifth consecutive quarter of double-digit organic revenue growth. Our top line growth, gross margin expansion and share repurchases, combined with a lower income tax rate, are all contributing to strong EPS growth.”

“TrueBlue’s digital strategies are creating differentiation with clients and candidates. JobStackTM, our PeopleReady mobile staffing technology, is transforming how people find work and how businesses find people. AffinixTM, our PeopleScout proprietary talent acquisition technology, is receiving praise from current and prospective customers.”

GUIDANCE:

TrueBlue sees Q4 2018 EPS of $0.55-$0.62, versus the consensus of $0.57. TrueBlue sees Q4 2018 revenue of $642-659 million, versus the consensus of $664.6 million.

For earnings history and earnings-related data on TrueBlue (TBI) click here.

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