News coverage about Performant Financial (NASDAQ:PFMT) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Performant Financial earned a news sentiment 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 media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- 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 firms recently issued reports on PFMT. Zacks Investment Research raised Performant Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. ValuEngine raised Performant Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, TheStreet lowered Performant Financial from a “c-” rating to a “d+” rating in a research note on Wednesday, June 27th.
Performant Financial (NASDAQ:PFMT) last issued its quarterly earnings results on Thursday, August 9th. The business services provider reported ($0.05) earnings per share (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 during the quarter, compared to analyst estimates of $30.20 million. research analysts expect that Performant Financial will post -0.16 EPS for the current fiscal year.
About Performant Financial
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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