TrueBlue Inc (TBI)

TrueBlue (TBI) has seen its fair value and analyst price targets increase following better-than-expected Q2 results and guidance. Baird, an analyst firm, raised its price target for TBI from US$7 to US$9.50 and its fair value estimate from US$8.50 to US$9.75, maintaining an Outperform rating. This update is driven by revised financial models reflecting the positive Q2 performance and outlook.

A TrueBlue study conducted by its PeopleScout brand reveals that while AI is increasingly used in hiring, communication gaps, particularly ghosting, undermine the candidate experience. The research found that 52% of job seekers use AI in their search, yet 90% reported being ghosted by employers. This highlights a need for companies to integrate technology with transparent communication to build candidate trust.

TrueBlue's PeopleScout research indicates that while AI is increasingly used by job seekers (52% globally) to streamline the hiring process, communication gaps persist. The study, involving over 1,000 job seekers, reveals that transparency, respect for time, and fair assessment are top candidate priorities, yet these are often the weakest aspects of employer hiring. The findings suggest a critical opportunity for employers to integrate AI with clear communication and human connection to build trust and improve brand perception.

Charles Schwab Investment Management Inc. has filed an amended Schedule 13G, reporting a beneficial ownership of 1,195,620 shares of TrueBlue, Inc. common stock, which represents 3.94% of the class. The firm holds sole voting and dispositive power over all these shares, indicating no shared control. This filing categorizes their ownership as less than 5% of the company's stock.

TrueBlue Inc (TBI) has an earnings forecast score of 8.00, ranking 37th in its industry. Analysts have set an average price target of $8.50, with a consensus "Buy" rating. The company's expected revenue for the next quarter is $468.06 million, and the anticipated EPS is $0.18.