Press coverage about Performant Financial (NASDAQ:PFMT) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Performant Financial earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 48.4070191795565 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Performant Financial (PFMT) Announces Earnings Results (americanbankingnews.com)
- Performant Financial Announces Financial Results for Second Quarter 2018 (investingnews.com)
- Performant Financial beats by $0.02, beats on revenue (seekingalpha.com)
- Performant Financial: 2Q Earnings Snapshot (finance.yahoo.com)
- Performant Financial (PFMT) Reports Q2 Loss, Tops Revenue Estimates (finance.yahoo.com)
Several research analysts have recently commented on PFMT shares. TheStreet downgraded Performant Financial from a “c-” rating to a “d+” rating in a report on Wednesday, June 27th. Zacks Investment Research downgraded Performant Financial from a “hold” rating to a “sell” rating in a report on Tuesday, May 15th. Finally, ValuEngine upgraded Performant Financial from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd.
Performant Financial (NASDAQ:PFMT) last released its quarterly earnings data on Thursday, August 9th. The business services provider reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.02. Performant Financial had a negative return on equity of 17.10% and a negative net margin of 1.63%. The firm had revenue of $31.34 million for the quarter, compared to the consensus estimate of $30.20 million. equities research analysts forecast that Performant Financial will post -0.16 earnings per share for the current fiscal year.
Performant Financial Company Profile
Performant Financial Corporation provides technology-enabled audit, recovery, customer care, and related analytics services in the United States. The company offers recovery services primarily to the government-supported student loan industry, serving guaranty agencies, the Department of Education, and private financial institutions; and restructures and recovers student loans issued directly by banks to students outside of federal lending programs.
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