Performant Financial Corporation (PFMT) Scheduled to Post Earnings on Tuesday
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.
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.
Receive News & Ratings for Performant Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Performant Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.