Earnings Outlook For Performant Finl
Portfolio Pulse from Benzinga Insights
Performant Financial (NASDAQ:PFMT) is set to release its quarterly earnings report on November 7, 2023. Analysts estimate an EPS of -$0.02. The company's past performance shows a trend of missing EPS estimates and subsequent share price drops. The stock was trading at $2.38 as of November 3, with a 52-week return of -0.42%.
November 06, 2023 | 7:01 pm
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NEGATIVE IMPACT
Performant Financial's upcoming earnings report could potentially impact its stock price. The company has a history of missing EPS estimates, which has typically led to share price drops.
Performant Financial's stock price has historically been negatively impacted by its earnings reports, particularly when it misses EPS estimates. Given that analysts are predicting an EPS of -$0.02 for the upcoming report, and considering the company's past performance, there is a high likelihood that the stock price could be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100