Performant Financial Corporation (NASDAQ:PFMT) is set to post its quarterly earnings results after the market closes on Wednesday, November 1st. Analysts expect Performant Financial Corporation to post earnings of ($0.03) per share for the quarter.

Performant Financial Corporation (NASDAQ:PFMT) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $35.90 million during the quarter, compared to analysts’ expectations of $32.65 million. Performant Financial Corporation had a negative return on equity of 6.81% and a negative net margin of 13.74%. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. On average, analysts expect Performant Financial Corporation to post $-0.12 EPS for the current fiscal year and $0.13 EPS for the next fiscal year.

Performant Financial Corporation (NASDAQ:PFMT) opened at 1.81 on Wednesday. The stock has a 50 day moving average price of $1.84 and a 200-day moving average price of $2.03. The company’s market capitalization is $91.94 million. Performant Financial Corporation has a 1-year low of $1.50 and a 1-year high of $4.07.

TRADEMARK VIOLATION NOTICE: This piece was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/25/performant-financial-corporation-pfmt-scheduled-to-post-earnings-on-wednesday.html.

An institutional investor recently raised its position in Performant Financial Corporation stock. Northern Trust Corp lifted its holdings in shares of Performant Financial Corporation (NASDAQ:PFMT) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,716 shares of the business services provider’s stock after purchasing an additional 3,857 shares during the period. Northern Trust Corp owned 0.14% of Performant Financial Corporation worth $152,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 54.73% of the company’s stock.

Several equities research analysts have issued reports on the stock. ValuEngine downgraded shares of Performant Financial Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Zacks Investment Research cut shares of Performant Financial Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd.

Performant Financial Corporation Company Profile

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)

Receive News & Ratings for Performant Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Performant Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.