Performant Financial Corp (NASDAQ: PFMT) has reported E.P.S. of $-0.04 for its second fiscal quarter (ending June 30) versus $-0.05 for the same period a year ago. This performance was $-0.00 short of the consensus estimate of $-0.04. E.P.S. were $-0.08 for the latest four quarters through June 30 versus $-0.13 for the same period a year ago.
Recent Price Action
Performant Financial Corp (NASDAQ: PFMT) stock closed at $3.28 on 8/7/24 after a decline of -2.7%. NORMAL trading volume accompanied the decline. The stock has declined -9.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PFMT is expected to be a Value Builder.
Performant Financial has a current Value Trend Rating of F (Lowest Rating). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Performant Financial has a very low Appreciation Score of 9 but a slightly positive Power Rating of 65, leading to the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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