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

Performant Healthcare

09/05/2023 22:02

* Performant Financial Corp  PFMT.OQ  reported a quarterly
adjusted loss of 6 cents​​ per share for the quarter ended in
March. The mean expectation of two analysts for the quarter was
for a loss of 6 cents per share.
    * Revenue fell 5% to $25.73 million from a year ago;
analysts
expected $26.45 million. 
    * Performant Financial Corp's reported EPS for the quarter
was a
loss of 6 cents​.
    * The mean earnings estimate of analysts had fallen by
about 20%
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 11.8% this
quarter and lost 16.9% so far this year.
    * The company reported a quarterly loss of $4.22 million.
    * Wall Street's median 12-month price target for Performant
Financial Corp is $7.50 
    * 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 May
9 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.05          -0.04          Beat