Performant Financial Corporation (PFMT) Earning Somewhat Favorable Media Coverage, Study Shows
News stories about Performant Financial Corporation (NASDAQ:PFMT) have been trending somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Performant Financial Corporation earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 47.6161849331753 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Performant Financial Corporation (NASDAQ PFMT) opened at $1.82 on Friday. Performant Financial Corporation has a 12-month low of $1.50 and a 12-month high of $3.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.17 and a quick ratio of 1.17.
Performant Financial Corporation (NASDAQ:PFMT) last released its quarterly earnings data on Tuesday, November 7th. The business services provider reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.08). Performant Financial Corporation had a negative net margin of 19.27% and a negative return on equity of 15.46%. The company had revenue of $29.70 million for the quarter, compared to analyst estimates of $31.45 million. During the same quarter in the prior year, the firm earned $0.02 EPS. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. sell-side analysts anticipate that Performant Financial Corporation will post -0.12 earnings per share for the current fiscal year.
Separately, Zacks Investment Research lowered Performant Financial Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd.
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About Performant Financial Corporation
Performant Financial Corporation (Performant) provides technology-enabled recovery and related analytics services in the United States. The Company’s services identify and recover delinquent or defaulted assets and improper payments for both government and private clients in a range of markets. The Company provides its services on an outsourced basis where the Company handles many or all aspects of its clients’ recovery processes.
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