Performant Financial Corporation (PFMT) Earns Daily News Sentiment Rating of 0.06
News articles about Performant Financial Corporation (NASDAQ:PFMT) have been trending somewhat positive on Monday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Performant Financial Corporation earned a news impact score of 0.06 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 45.1737471381949 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several analysts have weighed in on the company. Zacks Investment Research downgraded Performant Financial Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. ValuEngine downgraded Performant Financial Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th.
Performant Financial Corporation (NASDAQ:PFMT) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. Performant Financial Corporation had a negative return on equity of 6.81% and a negative net margin of 13.74%. The firm had revenue of $35.90 million for the quarter, compared to analyst estimates of $32.65 million. During the same quarter last year, the company posted $0.06 earnings per share. The business’s revenue was down 5.8% on a year-over-year basis.
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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.
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