Q4 2017 Earnings Estimate for Performant Financial Corporation (PFMT) Issued By William Blair

Performant Financial Corporation (NASDAQ:PFMT) – Investment analysts at William Blair lowered their Q4 2017 EPS estimates for Performant Financial Corporation in a note issued to investors on Wednesday. William Blair analyst R. Napoli now expects that the business services provider will earn $0.00 per share for the quarter, down from their prior forecast of $0.01. William Blair also issued estimates for Performant Financial Corporation’s Q2 2018 earnings at $0.03 EPS and FY2019 earnings at $0.22 EPS.

Other analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Performant Financial Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Performant Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th.

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Performant Financial Corporation (NASDAQ:PFMT) opened at 1.81 on Monday. Performant Financial Corporation has a 1-year low of $1.50 and a 1-year high of $4.07. The stock’s market cap is $91.94 million. The stock has a 50 day moving average of $1.97 and a 200 day moving average of $2.05.

Performant Financial Corporation (NASDAQ:PFMT) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported ($0.01) EPS for the quarter, beating 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 business had revenue of $35.90 million during the quarter, compared to analyst estimates of $32.65 million. During the same quarter last year, the firm posted $0.06 earnings per share. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year.

A number of hedge funds have recently bought and sold shares of PFMT. Dimensional Fund Advisors LP increased its stake in Performant Financial Corporation by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,108,790 shares of the business services provider’s stock worth $2,606,000 after buying an additional 3,750 shares during the period. Northern Trust Corp increased its stake in Performant Financial Corporation by 5.6% in the second quarter. Northern Trust Corp now owns 72,716 shares of the business services provider’s stock worth $152,000 after buying an additional 3,857 shares during the period. Sterling Capital Management LLC increased its stake in Performant Financial Corporation by 2.0% in the second quarter. Sterling Capital Management LLC now owns 404,570 shares of the business services provider’s stock worth $846,000 after buying an additional 8,060 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in Performant Financial Corporation by 139.9% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 41,939 shares of the business services provider’s stock worth $123,000 after buying an additional 24,454 shares during the period. Finally, Mirador Capital Partners LP increased its stake in Performant Financial Corporation by 161.9% in the second quarter. Mirador Capital Partners LP now owns 50,876 shares of the business services provider’s stock worth $103,000 after buying an additional 31,447 shares during the period. 54.81% of the stock is owned by hedge funds and other institutional investors.

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.