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Performant Financial (PFMT) Scheduled to Post Earnings on Wednesday

Performant Financial logo with Business Services background

Performant Financial (NASDAQ:PFMT - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect Performant Financial to post earnings of ($0.02) per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Performant Financial (NASDAQ:PFMT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. Performant Financial had a negative net margin of 5.32% and a negative return on equity of 8.11%. The business had revenue of $29.36 million during the quarter, compared to analysts' expectations of $28.20 million. During the same period last year, the business earned ($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 Trading Up 1.0 %

NASDAQ:PFMT traded up $0.04 during trading hours on Wednesday, reaching $3.92. 10,333 shares of the stock were exchanged, compared to its average volume of 173,680. Performant Financial has a twelve month low of $2.14 and a twelve month high of $4.04. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $3.69 and a two-hundred day moving average of $3.26. The company has a market capitalization of $302.58 million, a price-to-earnings ratio of -43.11 and a beta of 0.13.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PFMT. B. Riley assumed coverage on shares of Performant Financial in a research note on Thursday, July 25th. They set a "buy" rating and a $8.00 target price on the stock. Craig Hallum upgraded Performant Financial to a "strong-buy" rating in a report on Tuesday, October 1st.

Get Our Latest Stock Report on Performant Financial

About Performant Financial

(Get Free Report)

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.

See Also

Earnings History for Performant Financial (NASDAQ:PFMT)

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