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

Reuters
2024-08-08

* Performant Financial Corp reported a quarterly adjusted loss of 4 cents​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of three analysts for the quarter was for a loss of 5 cents per share.

* Revenue rose 15.2% to $29.36 million from a year ago; analysts expected $28.17 million.

* Performant Financial Corp's reported EPS for the quarter was a loss of 4 cents​.

* The company reported a quarterly loss of $3 million.

* Performant Financial Corp shares had risen by 16.2% this quarter and gained 7.8% so far this year.

FORECAST CHANGES

* 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.

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 $8.00 This summary was machine generated from LSEG data August 7 at 09:23 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

Jun. 30 2024 -0.05 -0.04 Beat

Mar. 31 2024 -0.06 -0.05 Beat

Dec. 31 2023 0.01 0.02 Beat

Sep. 30 2023 -0.02 -0.01 Beat

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