Lease-to-own retailer PROG Holdings Q3 revenue, profit beat estimates

PROG Holdings

22/10/2025 12:40

Overview

PROG Holdings Q3 revenue of $595.1 mln beats analyst expectations

Adjusted EPS for Q3 at $0.90, surpassing analyst estimates

Company highlights significant GMV growth in Four Technologies platform

Outlook

PROG Holdings revises 2025 total revenue outlook to $2.41 bln-$2.435 bln, down from $2.45 bln-$2.5 bln

Company expects 2025 adjusted EBITDA between $258 mln and $265 mln

PROG Holdings projects 2025 non-GAAP EPS from continuing operations of $3.35-$3.45

Result Drivers

PROGRESSIVE LEASING - Segment faced modest revenue headwinds, with GMV down 10% YoY

FOUR TECHNOLOGIES GROWTH - Achieved 162.8% GMV growth, third consecutive quarter of positive adjusted EBITDA

VIVE FINANCIAL SALE - Sale of Vive portfolio to improve capital efficiency and financial flexibility

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$595.1 mln
$586.1 mln (7 Analysts)
Q3 Adjusted EPS
Beat
$0.90
$0.73 (7 Analysts)
Q3 EPS
$0.82
Q3 Net Earnings
$33.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the financial technology (fintech) peer group is "buy"

Wall Street's median 12-month price target for PROG Holdings Inc is $40.00, about 18.2% above its October 21 closing price of $32.72

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw64pSZ2a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)