Performant Financial Corp reports results for the quarter ended in December - Earnings Summary

Performant Healthcare

12/03/2024 21:01

* Performant Financial Corp  PFMT.OQ  reported quarterly
adjusted
earnings of 2 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported breakeven earnings per share.  The mean
expectation of two analysts for the quarter was for earnings of
one cent per share. Wall Street expected results to range from
zero cents to 1 cents per share.
    * Revenue rose 11.4% to $32.57 million from a year ago;
analysts
expected $31.59 million. 
    * Performant Financial Corp's reported EPS for the quarter
was 2
cents​.
    * The company reported quarterly net income of $1.26
million.
    * Performant Financial Corp shares had fallen by 2.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for Performant
Financial Corp is $7.50 
This summary was machine generated from LSEG data March 12 at
09:00 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.01           0.02           Beat
 Sep. 30 2023      -0.02          -0.01          Beat
 Jun. 30 2023      -0.04          -0.05          Missed
 Mar. 31 2023      -0.06          -0.06          Met