Performant Financial (PFMT) Earns Daily Coverage Optimism Score of 0.05
Media headlines about Performant Financial (NASDAQ:PFMT) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Performant Financial earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 47.7006403501633 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Separately, Zacks Investment Research cut shares of Performant Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd.
Shares of Performant Financial (NASDAQ:PFMT) opened at $1.80 on Thursday. Performant Financial has a 1 year low of $1.50 and a 1 year high of $3.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.49.
Performant Financial (NASDAQ:PFMT) last released its quarterly earnings data on Tuesday, November 7th. The business services provider reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.08). The business had revenue of $29.70 million during the quarter, compared to analysts’ expectations of $31.45 million. Performant Financial had a negative return on equity of 15.46% and a negative net margin of 19.27%. Performant Financial’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.02 earnings per share. equities analysts expect that Performant Financial will post -0.25 earnings per share for the current year.
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About Performant Financial
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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