Performant Financial (PFMT) Scheduled to Post Quarterly Earnings on Wednesday

Posted by Latisha Jones on Jul 31st, 2024

Performant Financial (NASDAQ:PFMT – Get Free Report) is set to release its earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Performant Financial (NASDAQ:PFMT – Get Free Report) last issued its earnings results on Tuesday, May 7th. The business services provider reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $27.33 million during the quarter. Performant Financial had a negative net margin of 6.34% and a negative return on equity of 9.30%. On average, analysts expect Performant Financial to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Performant Financial Stock Performance

Shares of Performant Financial stock opened at $3.61 on Wednesday. The firm’s 50-day simple moving average is $2.96 and its 200-day simple moving average is $2.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.75 and a current ratio of 2.75. Performant Financial has a 1 year low of $2.00 and a 1 year high of $3.62.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PFMT shares. B. Riley started coverage on shares of Performant Financial in a research note on Thursday, July 25th. They issued a “buy” rating and a $8.00 target price on the stock. StockNews.com lowered shares of Performant Financial from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th.

View Our Latest Report on Performant Financial

About Performant Financial

(Get Free Report)

Performant Financial Corporation provides technology-enabled audit, recovery, and analytics services in the United States. The company identifies improper payments resulting from incorrect coding, procedures that were not medically necessary, incomplete documentation or claims submitted based on outdated fee schedules, and coverage discrepancies; and provides first party call center and other outsourced services.