Performant Financial Full Year 2023 Earnings: EPS Beats Expectations

Performant Financial (NASDAQ:PFMT) Full Year 2023 Results

Key Financial Results

• Revenue: US$113.7m (up 4.2% from FY 2022).
• Net loss: US$7.52m (loss widened by 15% from FY 2022).
• US$0.099 loss per share (further deteriorated from US$0.09 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Performant Financial EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.1%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are down 4.3% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Performant Financial that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.