What To Expect From Performant Financial Corp Q3 2024 Earnings
| PFMTDelisted Stock | USD 3.56 0.12 3.26% |
Slightly above 62% of Performant Financial's investor base is looking to short. The analysis of overall sentiment of trading Performant Financial stock suggests that many investors are alarmed at this time. Performant Financial's investing sentiment can be driven by a variety of factors including economic data, Performant Financial's earnings reports, geopolitical events, and overall market trends.
Performant |
Performant Financial Corp is set to release its Q3 2024 earnings on Nov 6, 2024. The consensus estimate for Q3 2024 revenue is 31.59 million, and the earnings are expected to come in at -0.03 per share. The full year 2024s revenue is expected to be 125.88 million and the earnings are expected to be -0.11 per share.
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Performant Financial Fundamental Analysis
We analyze Performant Financial's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Performant Financial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Performant Financial based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
EBITDA
EBITDA Comparative Analysis
Performant Financial is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Performant Financial Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Performant Financial stock to make a market-neutral strategy. Peer analysis of Performant Financial could also be used in its relative valuation, which is a method of valuing Performant Financial by comparing valuation metrics with similar companies.
Peers
Performant Financial Related Equities
| CVEO | Civeo Corp | 1.21 | ||||
| CBZ | CBIZ | 1.02 | ||||
| MMS | Maximus | 1.02 | ||||
| NTIP | Network 1 | 0.79 | ||||
| BV | BrightView Holdings | 0.63 | ||||
| RTO | Rentokil Initial | 0.47 | ||||
| MADGF | Mader Group | 0.00 | ||||
| FA | First Advantage | 0.54 | ||||
| CASS | Cass Information | 0.64 | ||||
| WHLM | Wilhelmina | 1.20 |
Check out Performant Financial Hype Analysis, Performant Financial Correlation and Performant Financial Performance. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Other Consideration for investing in Performant Stock
If you are still planning to invest in Performant Financial check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Performant Financial's history and understand the potential risks before investing.
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