Performant Financial (PFMT) to Release Earnings on Wednesday

Performant Financial (NASDAQ:PFMT) will be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Performant Financial (NASDAQ:PFMT) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $29.36 million during the quarter, compared to the consensus estimate 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 prior year, the company 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 Trading Up 0.3 %

NASDAQ PFMT opened at $3.88 on Wednesday. The stock has a 50-day simple moving average of $3.69 and a 200 day simple moving average of $3.26. The company has a market capitalization of $299.50 million, a PE ratio of -43.11 and a beta of 0.13. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.11. Performant Financial has a 12 month low of $2.14 and a 12 month high of $4.04.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PFMT shares. B. Riley started coverage on Performant Financial in a report on Thursday, July 25th. They issued a “buy” rating and a $8.00 price objective for the company. Craig Hallum upgraded Performant Financial to a “strong-buy” rating in a report on Tuesday, October 1st.

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incorrect coding, procedures that were not medically necessary, incomplete documentation or claims submitted based on outdated fee schedules, and coverage discrepancies; and provides first party call center and other outsourced services.