We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Performant Healthcare (PHLT) Surges 115.2%: Is This an Indication of Further Gains?
Read MoreHide Full Article
Performant Healthcare (PHLT - Free Report) shares soared 115.2% in the last trading session to close at $7.64. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 15.3% loss over the past four weeks.
Performant Healthcare recorded a strong price rise on investors’ optimism surrounding it’s preliminary second quarter 2025 financial results announced on August 1. The company expects second quarter revenues of approximately $37.8 million, net income of approximately $2.1 million, and adjusted EBITDA of approximately $6.2 million. Additionally, Performant Healthcare has entered into a definitive agreement to be acquired by Machinify, a healthcare intelligence leader and portfolio company of New Mountain Capital.
This provider of audit and recovery services is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +25%. Revenues are expected to be $31 million, up 5.6% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Performant Healthcare, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on PHLT going forward to see if this recent jump can turn into more strength down the road.
Performant Healthcare belongs to the Zacks Medical Services industry. Another stock from the same industry, Enhabit (EHAB - Free Report) , closed the last trading session 3% lower at $6.52. Over the past month, EHAB has returned -12.2%.
Enhabit's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.1. Compared to the company's year-ago EPS, this represents a change of +42.9%. Enhabit currently boasts a Zacks Rank of #3 (Hold).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Performant Healthcare (PHLT) Surges 115.2%: Is This an Indication of Further Gains?
Performant Healthcare (PHLT - Free Report) shares soared 115.2% in the last trading session to close at $7.64. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 15.3% loss over the past four weeks.
Performant Healthcare recorded a strong price rise on investors’ optimism surrounding it’s preliminary second quarter 2025 financial results announced on August 1. The company expects second quarter revenues of approximately $37.8 million, net income of approximately $2.1 million, and adjusted EBITDA of approximately $6.2 million. Additionally, Performant Healthcare has entered into a definitive agreement to be acquired by Machinify, a healthcare intelligence leader and portfolio company of New Mountain Capital.
This provider of audit and recovery services is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +25%. Revenues are expected to be $31 million, up 5.6% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Performant Healthcare, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on PHLT going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Performant Healthcare belongs to the Zacks Medical Services industry. Another stock from the same industry, Enhabit (EHAB - Free Report) , closed the last trading session 3% lower at $6.52. Over the past month, EHAB has returned -12.2%.
Enhabit's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.1. Compared to the company's year-ago EPS, this represents a change of +42.9%. Enhabit currently boasts a Zacks Rank of #3 (Hold).