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Performant Healthcare (PHLT)
NASDAQ:PHLT
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Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
<0.01Last Year’s EPS
0.05Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2018
|% Change Since: -35.75%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted notable growth in healthcare revenues, positive adjusted EBITDA, and a significant contract win with New York State. However, challenges such as sales cycle delays, a decline in customer care services, and election-related slowdowns in RAC programs were also noted. The company's strategic focus on healthcare payment integrity and recent wins position it well for future growth despite current challenges.Company Guidance
During the third quarter 2024 earnings call for Performant Financial Corp., the executives provided forward-looking guidance, highlighting several key metrics. The company reported total revenues of $31.5 million, with healthcare revenues contributing $30.3 million, reflecting a year-over-year growth of 6%. The customer care outsourced services generated $1.2 million, experiencing a decline as the company shifts focus towards healthcare payment integrity. Performant implemented 12 statements of work in Q3, expecting these to deliver $13 million to $14 million of annualized revenue. The company anticipates that by the end of 2024, healthcare revenues will range between $117 million and $122 million, with adjusted EBITDA projected to be between $4 million and $5 million. The New York State recovery audit contract is expected to produce double-digit million-dollar revenues at steady state. Despite challenges such as sales cycle delays due to a data breach at Change Healthcare, Performant remains confident in its compliance and security credentials, which are anticipated to bolster market share over time.Healthcare Revenue Growth
The company reported a 6% growth in healthcare revenues compared to the same quarter of 2023, with total company revenues at $31.5 million and healthcare revenues at $30.3 million.
Positive Adjusted EBITDA
Positive adjusted EBITDA of $2 million was achieved, in line with expectations and despite increased investments.
New York State Recovery Audit Contract Win
The company won a significant contract with New York State for Medicaid recovery auditing, expected to generate double-digit millions in annual revenues at steady state.
RAC Region 2 Implementation Success
The implementation of RAC Region 2 continues to scale well, helping to counter election-related slowdowns in RAC auditing.
Commercial Claims-based Business Growth
Claims-based business revenues grew over 30% in the third quarter, driven by strong performance from both government and commercial clients.
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PHLT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PHLT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $4.28 | $3.64 | -14.95% |
| Aug 07, 2024 | $3.28 | $3.65 | +11.28% |
| May 07, 2024 | $2.84 | $3.09 | +8.80% |
| Mar 12, 2024 | $3.04 | $2.89 | -4.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Performant Healthcare (PHLT) report earnings?
Performant Healthcare (PHLT) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is Performant Healthcare (PHLT) earnings time?
Performant Healthcare (PHLT) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PHLT EPS forecast?
PHLT EPS forecast for the fiscal quarter 2024 (Q4) is <0.01.
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