Performant Financial (PFMT) Set to Announce Earnings on Wednesday

Posted by Doug Wharley on Nov 4th, 2024

Performant Financial (NASDAQ:PFMT – Get Free Report) is scheduled to be releasing its 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. 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 issued its earnings results on Wednesday, August 7th. The business services provider reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. Performant Financial had a negative return on equity of 8.11% and a negative net margin of 5.32%. The company had revenue of $29.36 million during the quarter, compared to the consensus estimate of $28.20 million. During the same period in the previous year, the company posted ($0.05) EPS. 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 Up 1.8 %

PFMT opened at $3.96 on Monday. The stock’s fifty day simple moving average is $3.72 and its 200 day simple moving average is $3.28. Performant Financial has a 1-year low of $2.14 and a 1-year high of $4.04. The stock has a market cap of $305.67 million, a PE ratio of -49.49 and a beta of 0.14. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.11.

Wall Street Analyst Weigh In

PFMT has been the topic of several research analyst reports. 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 for the company. Craig Hallum raised shares of Performant Financial to a “strong-buy” rating in a report on Tuesday, October 1st.

Read 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incorrect coding, procedures that were not medically necessary, incomplete documentation or claims submitted based on outdated fee schedules, and coverage discrepancies; and provides first party call center and other outsourced services.