The much awaited August non-farm payroll report is due to be released this morning. I say ?much awaited? because the market seems to be placing a huge emphasis on this number, although we know that this is a lagging indicator. [For example, see Joseph Ellis?s Ahead of the Curve]
Both the Challenger survey and the ADP private sector numbers are pointing to a weak headline this morning. However, one never knows what the birth/death adjustments will do to the actually number. There may be another way of looking that the health of...
Hickey and Walters (Bespoke) submit: From our in-depth earnings work, we looked at the quarterly reports of over 2,700 stocks to find the ones that have beaten earnings estimates the most.
Below we highlight those stocks (with at least 10 quarterly reports) that have beaten Reuters earnings per share estimates 100% of the time since our analysis begins (the last quarter of 2001). We also include when the companies are expected to report this quarter as well as...
Wallace R. Weitz is President and Founder of Wallace R. Weitz & Company since 1983, and portfolio manager for a number of the funds in the Weitz family of funds. Weitz believes in investing in companies that he understands and therefore is not diversified amongst all the sectors of the economy. He strives to earn strong absolute investment returns over long periods and shows less concern about short-term price volatility. His firm manages about $6 billion and all of the investment professionals from the Weitz Fund...
Notable Calls submits: Couple of firms comment on Labor Ready (NYSE:LRW) after the company released better than expected Q1 results last night, driving the stock up over 25% in after hours action:
- Goldman Sachs notes LRW's released 1Q07 results last night, management revised 2007 guidance upwards; they had anticipated a negative revision. GSCO notes they were surprised by 1) better gross margin driven by lower workers comp expense, 2) completion of the existing and a new $100m buy back program, and 3) improving same store growth trends in February and March which management believes is a sign of end...
Richard Shaw (QVM Group) submits: April 4th was a tough day for staffing company stocks. Online job site Monster (MNST) was down over 13%. Construction related labor source Labor Ready (LRW) and office staff source Robert Half International (RHI) were each down over 5%.
They have mostly recovered since then, as is often the case for stocks that experience a sudden reaction to news. The five largest companies in the field (by market cap) are shown in the price chart below. [click to enlarge]
Elias Tsepouridis submits:
As I continue to scan for the next best value investment for my portfolio, I regularly visit Stockpickr to view what the pro value investors are adding to their portfolios. On my last visit to Stockpickr, the site selected the Hidden Values Alert Portfolio as a spotlight portfolio. This portfolio is comprised of 10 companies with market caps less than $3 billion that have high return on equity, low debt and consistent earnings and revenue.
Daniel Andres Jacome submits: Improving labor conditions should bode well for job-enabling firms as well as recruiting/staffing services. Below is a quick look at some of the more prominent names in this competitive, fragmented category.
Adecco SA (ADO) : As a veritable leader among temp staffers, Adecco has most Fortune 100 companies as clients -- its size mustn't be overlooked. But its recent focus on profitability/margin expansion could leave revenue numbers gasping for air. Growth will depend on new markets, which won't be easy precisely because Adecco's footprint can already be found just about everywhere. Right now, debt accounts for...
Tacoma's TrueBlue Inc. says it intends to close 17 more of its branch offices during the fourth quarter because of economy's contraction. The news of the closings came as the company announced ...
Third-quarter net income plunged 28 percent at labor staffing agency TrueBlue Inc., dropping to $16.3 million from $22.7 million a year earlier. Earnings per diluted share fell to 38 cents from 51 ...
Oct 15 (Reuters) - TrueBlue Inc (TBI.N: Quote, Profile, Research, Stock Buzz), a provider of temporary blue-collar workers, posted a third-quarter profit below Wall Street estimates as demand for ...
TrueBlue, Inc (NYSE: TBI) reports Q3 EPS of $0.38, 2 cents lower than the analyst estimate of $0.40. Revenues for the quarter were $388 million, versus the consensus of $393.65 million. Sees Q4 ...
The one percent revenue decline for the quarter consisted of 16 percent growth from acquisitions completed within the last 12 months offset by a 17 percent decrease in organic revenue, which ...
TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue Inc. (NYSE:TBI) has appointed Bill Steele to serve as lead independent director, effective Oct. 8, 2008, following the unexpected death of recently ...
TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue, Inc. (NYSE:TBI), formerly Labor Ready, will release 2008 third quarter results after the market closes Wednesday, Oct. 15, 2008. Management will discuss ...
NEW YORK, October 6 (newratings.com) - Analysts at Robert W Baird downgrade TrueBlue Inc (TBI) from "neutral" to "underperform," while reducing their estimates for the company. The target price ...
Oct 6 (Reuters) - Robert W. Baird & Co downgraded executive search firm Heidrick & Struggles International Inc (HSII.O: Quote, Profile, Research, Stock Buzz) and TrueBlue Inc (TBI.N: Quote ...
MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world. Through our numerous partnerships with many of the top investment minds in the world, we ...
SAN FRANCISCO (MarketWatch) -- Shares of the following companies were among those making percentage moves of 5% or more in the U.S. stock market Thursday.
SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are likely to see active trading during Thursday's session are Google, Nokia, Bank of America, and Pfizer.
Labor Ready Inc.'s third-quarter net income fell 8.5% to $22.7 million, or 51 cents a share, from $24.8 million, or 48 cents a share, a year earlier. Revenue at the Tacoma, Wash., temporary-employment company increased 4.4% to $390.7 million from $374.1 million. Analysts polled by Thomson Financial expected earnings of 50 cents a share on revenue of $394.5 million. For the fourth quarter, Labor Ready targets earnings of 32 cents to 34 cents a share on revenue of $345 million to $350 million. That compares to Wall Street's current expectations of 38 cents a share in net income and...
SAN FRANCISCO (MarketWatch) - Among the companies whose shares are expected to see active trading in Thursday's session are Bank of America Corp., Google Inc. and Microsoft Corp.
Labor Ready Inc.'s second-quarter net income rose slightly to $18.8 million, or 41 cents a share, from $18.6 million, or 35 cents a share, a year earlier on same branch sales growth. The Tacoma, Wash., provider of blue-collar staffing said revenue increased 3.3% to $351.1 million from $339.8 million a year ago. On average, analysts polled by Thomson Financial predicted second-quarter earnings of 35 cents a share and revenue of $342.4 million. Labor Ready expects third-quarter earnings of 48 cents to 50 cents a share and revenue of $390 million to $395 million. Analysts predict third-quarter net income of...
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Hickey and Walters (
Hickey and Walters (
Wallace R. Weitz is President and Founder of Wallace R. Weitz & Company since 1983, and portfolio manager for a number of the funds in the 
Richard Shaw (
