Performant Financial Corporation (NASDAQ:PFMT) will be posting its quarterly earnings results after the market closes on Tuesday, August 8th. Analysts expect Performant Financial Corporation to post earnings of ($0.02) per share for the quarter.

Performant Financial Corporation (NASDAQ:PFMT) last released its quarterly earnings results on Tuesday, May 9th. The business services provider reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.04. Performant Financial Corporation had a negative return on equity of 2.78% and a negative net margin of 10.64%. The company had revenue of $33.11 million during the quarter, compared to analyst estimates of $33.65 million. During the same period last year, the firm earned $0.04 earnings per share. The business’s revenue was down 13.5% compared to the same quarter last year. On average, analysts expect Performant Financial Corporation to post $-0.1 EPS for the current fiscal year and $0.14 EPS for the next fiscal year.

Performant Financial Corporation (NASDAQ PFMT) opened at 2.03 on Friday. The firm’s market capitalization is $102.52 million. Performant Financial Corporation has a 12-month low of $1.50 and a 12-month high of $4.07. The stock has a 50 day moving average price of $2.03 and a 200-day moving average price of $2.07.

PFMT has been the subject of a number of recent research reports. Zacks Investment Research downgraded Performant Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 17th. ValuEngine upgraded Performant Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th.

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About Performant Financial Corporation

Performant Financial Corporation (Performant) provides technology-enabled recovery and related analytics services in the United States. The Company’s services identify and recover delinquent or defaulted assets and improper payments for both government and private clients in a range of markets. The Company provides its services on an outsourced basis where the Company handles many or all aspects of its clients’ recovery processes.

Earnings History for Performant Financial Corporation (NASDAQ:PFMT)

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