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Performant Financial Corporation (PFMT) Falls: Stock Dips 5.5%

Zacks Equity Research

Performant Financial Corporation (PFMT) saw a big move last session, as the company’s shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for PFMT, as the stock is down over 33% in the last one month.

This business services company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

PFMT currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Business Services industry include PFSweb Inc. (PFSW), Rentrak Corporation (RENT) and Cardtronics Inc. (CATM). While PFSweb holds a Zacks Rank #1 (Strong Buy), Rentrak Corporation and Cardtronics carry a Zacks Rank #2 (Buy).

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PFSWEB INC (PFSW): Free Stock Analysis Report

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