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

Performant Healthcare

07/05/2024 22:22

* Performant Financial Corp  PFMT.OQ  reported a quarterly
adjusted loss of 5 cents​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of -6 cents.  The mean expectation of two analysts
for the quarter was for a loss of 6 cents per share. Wall Street
expected results to range from -7 cents to -6 cents per share.
    * Revenue rose 6.2% to $27.33 million from a year ago;
analysts
expected $25.84 million. 
    * Performant Financial Corp's reported EPS for the quarter
was a
loss of 5 cents​.
    * The company reported a quarterly loss of $4.02 million.
    * Performant Financial Corp shares had fallen by 2.7% this
quarter and lost 8.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 44.4%
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 2 "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 $7.50 
This summary was machine generated from LSEG data May 7 at 09:21
p.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
 Mar. 31 2024      -0.06          -0.05          Beat
 Dec. 31 2023      0.01           0.02           Beat
 Sep. 30 2023      -0.02          -0.01          Beat
 Jun. 30 2023      -0.04          -0.05          Missed