TrueBlue stock fell 3.16 percent as PeopleReady won recognition

Published on 10/04/2026 at 14:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TrueBlue stock posted USD 443.00 million in Q2 2026 revenue, up 12 percent year over year. PeopleReady revenue rose 23 percent as adjusted EBITDA reached USD 11 million.

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TrueBlue stock (ISIN US89785X1019) closed at USD 9.18 on the NYSE on October 2, 2026, down 3.16 percent from the prior close. On September 30, TrueBlue said its PeopleReady brand had been named a Leader and Star Performer in Everest Group's 2026 industrial staffing assessment, according to the company's investor relations page.

PeopleReady drives the growth

TrueBlue's Q2 2026 revenue reached USD 443.00 million, up 12 percent from the year-ago quarter, according to Zacks in its September 29, 2026 industry report. PeopleReady revenue increased 23 percent year over year, making the segment the clearest operating contributor in the reported quarter.

The operating comparison was stronger than the headline revenue figure. Zacks reported adjusted EBITDA of USD 11 million in Q2 2026, compared with USD 3 million in the year-ago quarter, while adjusted net income recovered to USD 2 million from a USD 2 million loss.

Analyst targets trail the stock

The market is pricing in a more cautious view than the operating figures. MarketBeat reported on September 30, 2026, that one analyst rated TrueBlue Buy, one Hold and one Sell, producing a consensus Hold rating and a USD 7.75 target. Robert W. Baird set a USD 9.50 target on August 5, 2026, while Wall Street Zen upgraded its rating to Buy on August 8, 2026, the same report said.

The USD 7.75 consensus target sits 15.6 percent below the October 2 closing price of USD 9.18. That gap puts execution on PeopleReady and the other workforce businesses at the center of the valuation debate, especially after Zacks said the company is benefiting from energy infrastructure and data-center construction demand.

TrueBlue stock stays near its yearly high

TrueBlue stock ended October 2 at USD 9.18 after trading between USD 9.15 and USD 9.55, with volume of 143,873 shares. The 52-week range runs from USD 3.18 to USD 11.03, leaving the closing price 16.8 percent below the yearly high.

Market capitalization stood at USD 279.1 million on October 2, 2026. The combination of Q2 revenue growth, a wider adjusted EBITDA contribution and a Hold consensus gives TrueBlue stock a clear split profile: operating momentum improved, while the published average target remained below the market price.