Progressive Corp expected to post earnings of $3.58 a share - Earnings Preview

The Progressive

27/01/2025 11:06

* Progressive Corp  PGR.N   PGR  is expected to show a rise
in
quarterly revenue when it reports  results on January 29 for the
period ending December 31 2024
    * The Village Of Mayfield Ohio-based  company is expected to
report a 21.3% increase in revenue to $18.355 billion from
$15.13 billion a year ago, according to the mean estimate from 8
analysts, based on LSEG data. (Revenue is based on Net Premiums
Written)
    * ​LSEG's mean analyst estimate for Progressive Corp is for
earnings of $3.58 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Progressive
Corp
is $290.00​, above​ its last closing price of $238.82. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2024  3.61        3.67       3.59      Missed  -2.3
 Jun. 30 2024  1.99        2.02       2.65      Beat    31.5
 Mar. 31 2024  3.27        3.21       3.73      Beat    16.2​
 Dec. 31 2023  2.43        2.43       2.97      Beat    22.3
 ​​Sep.        1.75        1.72       2.09      Beat    21.7
 30 2023                                                
 Jun. 30 2023  0.81        0.87       0.40      Missed  -53.8​
 Mar. 31 2023  1.30        1.37       0.65      Missed  -52.7
 Dec. 31 2022  1.36        1.43       1.52      Beat    6.5
 This summary was machine generated January 27 at 11:06 GMT.  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)