Performant Financial (NASDAQ:PFMT) is set to give its latest quarterly earnings report on Tuesday, 2022-03-15. Here's what investors need to know before the announcement.
Analysts estimate that Performant Financial will report an earnings per share (EPS) of $-0.02.
Performant Financial bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at Performant Financial's past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | ||||
| EPS Actual | 0 | 0.01 | -0.05 | 0.08 |
| Price Change % | 12.5% | 3.16% | -1.87% | -12.57% |
Stock Performance
Shares of Performant Financial were trading at $2.12 as of March 11. Over the last 52-week period, shares are up 16.57%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
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