Performant Financial Corp expected to post a loss of 5 cents a share - Earnings Preview

Performant Healthcare

06/08/2024 03:56

* Performant Financial Corp  PFMT.OQ   PFMT.O  is expected
to show
a rise in quarterly revenue when it reports  results on August 7
for the period ending June 30 2024
    * The Pleasanton California-based  company is expected to
report a
10.5% increase in revenue to $28.168 million from $25.49 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Performant Financial
Corp is
for a loss of 5 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Performant
Financial Corp is $8.00​, above​ its last closing price
of $3.42. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.06       -0.06      -0.05     Beat    23.1
 Dec. 31 2024              0.01       0.02      Beat    300
 Sep. 30 2023  -0.03       -0.02      -0.01     Beat    60​
 Jun. 30 2023  -0.04       -0.04      -0.05     Missed  -11.1
 ​​Mar.        -0.06       -0.06      -0.06     Met     0
 31 2023                                                
 Dec. 31 2022              -0.02      0.00      Beat    100​
 Sep. 30 2022              -0.03      -0.02     Beat    42.9
 Jun. 30 2022  -0.05       -0.05      -0.04     Beat    27.3
 This summary was machine generated August 6 at 02:55 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)