Performant Financial Corporation (PFMT) Receives News Impact Rating of 0.09
News stories about Performant Financial Corporation (NASDAQ:PFMT) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Performant Financial Corporation earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 45.1543263688987 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
PFMT has been the subject of a number of recent analyst reports. ValuEngine cut shares of Performant Financial Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Zacks Investment Research raised shares of Performant Financial Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th.
Performant Financial Corporation (NASDAQ:PFMT) traded down 2.15% during mid-day trading on Friday, hitting $1.82. 22,072 shares of the stock were exchanged. The company has a 50-day moving average price of $1.84 and a 200-day moving average price of $2.06. The company’s market cap is $92.45 million. Performant Financial Corporation has a one year low of $1.50 and a one year high of $4.07.
Performant Financial Corporation (NASDAQ:PFMT) last released its earnings results on Tuesday, August 8th. The business services provider reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. Performant Financial Corporation had a negative net margin of 13.74% and a negative return on equity of 6.81%. The company had revenue of $35.90 million during the quarter, compared to analysts’ expectations of $32.65 million. During the same quarter last year, the business earned $0.06 EPS. The business’s revenue was down 5.8% on a year-over-year basis. Analysts forecast that Performant Financial Corporation will post ($0.08) earnings per share for the current fiscal year.
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Performant Financial Corporation Company Profile
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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