PROG Holdings Inc PRG.N reported quarterly adjusted earnings of $1.02 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 92 cents. The mean expectation of seven analysts for the quarter was for earnings of 80 cents per share. Wall Street expected results to range from 78 cents to 83 cents per share.
Revenue rose 2.1% to $604.66 million from a year ago; analysts expected $585.73 million.
PROG Holdings Inc's reported EPS for the quarter was 95 cents.
The company reported quarterly net income of $38.48 million.
PROG Holdings Inc shares had fallen by 2.5% this quarter and lost 32.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 2.9% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the financial technology (fintech) peer group is also "buy"
Wall Street's median 12-month price target for PROG Holdings Inc is $36.00, about 20.5% above its last closing price of $28.61
This summary was machine generated from LSEG data July 23 at 01:30 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)