Performant Financial (PFMT) to Release Earnings on Wednesday

Performant Financial (NASDAQ:PFMTGet 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. Individual interested in registering for the company’s earnings conference call can do so using this link.

Performant Financial (NASDAQ:PFMTGet Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $29.36 million for the quarter, compared to analyst estimates of $28.20 million. Performant Financial had a negative return on equity of 8.11% and a negative net margin of 5.32%. During the same quarter in the previous year, the firm earned ($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 Price Performance

Shares of PFMT stock opened at $3.88 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.65 and a quick ratio of 2.65. The firm has a market cap of $299.50 million, a price-to-earnings ratio of -43.11 and a beta of 0.13. The stock’s fifty day simple moving average is $3.69 and its 200 day simple moving average is $3.26. Performant Financial has a one year low of $2.14 and a one year high of $4.04.

Wall Street Analysts Forecast Growth

PFMT has been the topic of a number of recent analyst reports. 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. Craig Hallum raised Performant Financial to a “strong-buy” rating in a research note on Tuesday, October 1st.

View Our Latest Report on PFMT

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incorrect coding, procedures that were not medically necessary, incomplete documentation or claims submitted based on outdated fee schedules, and coverage discrepancies; and provides first party call center and other outsourced services.

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Earnings History for Performant Financial (NASDAQ:PFMT)

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