Performant Financial: No Earnings Inflection Anytime Soon, Hold [Seeking Alpha]
Performant Financial Corporation (PFMT)
Last performant financial corporation earnings: 3/17 04:05 pm
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US:NASDAQ Investor Relations:
investors.performantcorp.com/node/5806
Company Research
Source: Seeking Alpha
Healthcare revenues of $106.4 million increased by 12.4% year-over-year and represented 93.6% of total revenues, while Adjusted EBITDA of $3.3 million more than tripled. However, $4.1 million in capital expenditures resulted in slightly negative free cash flow for the year. On the conference call, management guided for another year of moderate growth in the core healthcare business and a slight improvement in Adjusted EBITDA. With potential earnings inflection still a couple of years in the future, I don't see any compelling reason to initiate new or add to existing positions at this point. Consequently, I am reiterating my "Hold" rating on the shares. Looking for a helping hand in the market? Members of Value Investor's Edge get exclusive ideas and guidance to navigate any climate. Learn More » Note: I have covered Performant Financial Corporation or "Performant Financial" ( NASDAQ: PFMT ) previously, so investors should view this as an update to my earlier articles on t
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News
- Performant Financial Corporation to Report First Quarter 2024 Earnings on May 7, 2024Business Wire
- Performant Financial Corporation Acquires Artificial Intelligence Technology in Support of Its Scale Initatives [Yahoo! Finance]Yahoo! Finance
- Performant Financial Corporation Acquires Artificial Intelligence Technology in Support of Its Scale InitativesBusiness Wire
- Performant Financial Corporation (NASDAQ:PFMT) Just Reported Earnings, And Analysts Cut Their Target Price [Yahoo! Finance]Yahoo! Finance
- Performant Financial Corporation (NASDAQ:PFMT) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
PFMT
Sec Filings
- 4/18/24 - Form SC
- 4/5/24 - Form 4
- 3/13/24 - Form 10-K
- PFMT's page on the SEC website