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

Performant Healthcare

10/05/2022 07:54

* Performant Financial Corp  PFMT.OQ  reported a quarterly
adjusted loss of 2 cents​​ per share for the quarter ended in
March. The lone analyst forecast for the quarter was for a loss
of 8 cents per share.
    * Revenue fell 13.7% to $27.08 million from a year ago; 
analysts
expected $23.07 million. 
    * Performant Financial Corp's reported EPS for the quarter
was a
loss of 2 cents​.
    * The mean earnings estimate of analysts had fallen by
about 33.3%
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 36.7% this
quarter and lost 18.3% so far this year.
    * The company reported a quarterly loss of $1.67 million.
    * Wall Street's median 12-month price target for Performant
Financial Corp is $8.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 10 at 06:54 a.m.  ​All
figures in US dollars unless otherwise stated