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What: Shares of staffing services company TrueBlue
So what: Apparently the unemployment picture isn't as dire as the U.S. Labor Department would have you believe -- at least if you consider the figures TrueBlue just reported. For the quarter, the blue-collar staffer reported a profit of $0.20 on revenue of $320 million. While revenue was in line with consensus estimates, its profit beat estimates by $0.02. More importantly, the company sees "third-quarter growth accelerating," in its own words. TrueBlue's third-quarter revenue guidance of $360 million to $370 million and an EPS projection of $0.27-$0.32 easily trumps current Wall Street estimates.
Now what: Much of the staffing sector appears relatively inexpensive. Manpower
Crave more input? Consider adding TrueBlue to your watchlist.
Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong. Motley Fool newsletter services have recommended shorting Kelly Services. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.