Performant Financial Corp reports results for the quarter ended in January 1 - Earnings Summary

Performant Healthcare

07/11/2024 04:49

* Performant Financial Corp  PFMT.OQ  reported a quarterly
adjusted loss of 3 cents​​ per share for the quarter ended
January 1, lower than the same quarter last year, when the
company reported EPS of -1 cents.  The mean expectation of
three analysts for the quarter was for a loss of 3 cents per
share. Wall Street expected results to range from -4 cents to -2
cents per share.
    * Revenue rose 5.2% to $31.52 million from a year ago;
analysts
expected $31.59 million. 
    * Performant Financial Corp's reported EPS for the quarter
was a
loss of 3 cents​.
    * The company reported a quarterly loss of $2.38 million.
    * Performant Financial Corp shares had risen by 7.0% this
quarter and gained 28.0% so far this year.

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 3 "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 8.00 
This summary was machine generated from LSEG data November 7 at
04:49 a.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
 Sep. 30 2024      -0.03          -0.03          Met
 Jun. 30 2024      -0.05          -0.04          Beat
 Mar. 31 2024      -0.06          -0.05          Beat
 Dec. 31 2023      0.01           0.02           Beat