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

Performant Healthcare

08/08/2022 23:06

* Performant Financial Corp  PFMT.OQ  reported a quarterly
adjusted loss of 4 cents​​ per share for the quarter ended in
June. The mean expectation of two analysts for the quarter was
for a loss of 5 cents per share.
    * Revenue fell 21.8% to $25.68 million from a year ago;
analysts
expected $24.19 million. 
    * Performant Financial Corp's reported EPS for the quarter
was a
loss of 4 cents​.
    * The mean earnings estimate of analysts had risen by
about 21.4%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Performant Financial Corp shares had risen by 6.8% this
quarter and gained 16.6% so far this year.
    * The company reported a quarterly loss of $3.17 million.
    * Wall Street's median 12-month price target for Performant
Financial Corp is $8.25 
    * 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." 

This summary was machine generated from Refinitiv data August 8
at 10:05 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.05          -0.04          Beat
 Mar. 31 2022      -0.08          -0.02          Beat
 Dec. 31 2021      -0.02          -0.04          Missed
 Sep. 30 2021      -0.08          -0.03          Beat