Performant Healthcare Inc reports results for the quarter ended March 31 - Earnings Summary

• Performant Healthcare Inc PHLT.OQ reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of three analysts for the quarter was for a loss of 3 cents per share. Wall Street expected results to range from -4 cents to -2 cents per share.

• Revenue rose 21.7% to $33.27 million from a year ago; analysts expected $29.92 million.

• Performant Healthcare Inc's reported EPS for the quarter was breakeven results​.

• The company reported a quarterly loss of $810 thousand.

• Performant Healthcare Inc shares had fallen by 23.0% this quarter and lost 24.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 38.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "buy"

• Wall Street's median 12-month price target for Performant Healthcare Inc is $7.00

This summary was machine generated from LSEG data May 8 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)