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

Performant Healthcare

09/08/2023 01:52

* Performant Financial Corp  PFMT.OQ  reported a quarterly
adjusted loss of 5 cents​​ per share for the quarter ended in
June. The mean expectation of two analysts for the quarter was
for a loss of 4 cents per share.
    * Revenue fell 0.8% to $25.49 million from a year ago;
analysts
expected $26.67 million. 
    * Performant Financial Corp's reported EPS for the quarter
was a
loss of 5 cents​.
    * 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. 
    * Performant Financial Corp shares had fallen by 2.4% this
quarter and lost 27.0% so far this year.
    * The company reported a quarterly loss of $3.97 million.
    * Wall Street's median 12-month price target for Performant
Financial Corp is $7.00 
    * 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 LSEG Refinitiv data
August 9 at 12:52 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.04          -0.05          Missed
 Mar. 31 2023      -0.06          -0.06          Met
 Dec. 31 2022      -0.02          0.00           Beat
 Sep. 30 2022      -0.03          -0.02          Beat