Performant Financial Corporation (PFMT) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS
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.
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