Performant Financial (PFMT) Scheduled to Post Earnings on Wednesday

Performant Financial (NASDAQ:PFMT - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Performant Financial to post earnings of ($0.02) per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Performant Financial (NASDAQ:PFMT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The business services provider reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. The business had revenue of $29.36 million for the quarter, compared to the consensus estimate of $28.20 million. Performant Financial had a negative net margin of 5.32% and a negative return on equity of 8.11%. During the same period in the prior year, the business posted ($0.05) earnings per share. On average, analysts expect Performant Financial to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Performant Financial Stock Down 0.5 %

PFMT traded down $0.02 during trading on Wednesday, reaching $3.86. 78,371 shares of the stock traded hands, compared to its average volume of 174,024. The stock has a market cap of $297.95 million, a price-to-earnings ratio of -43.11 and a beta of 0.13. The stock's 50-day simple moving average is $3.69 and its two-hundred day simple moving average is $3.26. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.65 and a quick ratio of 2.65. Performant Financial has a fifty-two week low of $2.14 and a fifty-two week high of $4.04.

Analyst Ratings Changes

PFMT has been the topic of several analyst reports. Craig Hallum raised shares of Performant Financial to a "strong-buy" rating in a research report on Tuesday, October 1st. B. Riley initiated coverage on Performant Financial in a research note on Thursday, July 25th. They issued a "buy" rating and a $8.00 price objective on the stock.

Performant Financial Company Profile

Performant Financial Corporation provides technology-enabled audit, recovery, and analytics services in the United States. The company identifies improper payments resulting from incorrect coding, procedures that were not medically necessary, incomplete documentation or claims submitted based on outdated fee schedules, and coverage discrepancies; and provides first party call center and other outsourced services.