Performant Financial Corporation (NASDAQ:PFMT) posted its quarterly earnings data on Tuesday. The business services provider reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01, Bloomberg Earnings reports. Performant Financial Corporation had a negative net margin of 10.64% and a negative return on equity of 2.78%. The business had revenue of $35.90 million during the quarter, compared to analysts’ expectations of $32.65 million. During the same quarter in the prior year, the business posted $0.06 earnings per share. Performant Financial Corporation’s revenue was down 5.8% compared to the same quarter last year.

Performant Financial Corporation (NASDAQ PFMT) traded down 1.55% on Thursday, hitting $1.90. 1,000 shares of the stock were exchanged. The company has a 50-day moving average price of $1.98 and a 200-day moving average price of $2.07. Performant Financial Corporation has a 52-week low of $1.50 and a 52-week high of $4.07. The firm’s market cap is $96.49 million.

Several equities research analysts recently weighed in on PFMT shares. Zacks Investment Research cut shares of Performant Financial Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. ValuEngine raised shares of Performant Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th.

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About Performant Financial Corporation

Performant Financial Corporation (Performant) provides technology-enabled recovery and related analytics services in the United States. The Company’s services identify and recover delinquent or defaulted assets and improper payments for both government and private clients in a range of markets. The Company provides its services on an outsourced basis where the Company handles many or all aspects of its clients’ recovery processes.

Earnings History for Performant Financial Corporation (NASDAQ:PFMT)

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