Progressive closed at $218.98, up 2.27% from the previous session, outpacing a 0.47% decline in the S&P 500. The insurer is projected to report earnings of $4.37 per share for its upcoming quarter, representing year-over-year growth of 7.9%, on revenue of $23.41 billion, a 5.38% increase from the same quarter last year. For the full year, the Zacks Consensus Estimates call for earnings of $18.03 per share and revenue of $92.39 billion, changes of -1.21% and +6.26% respectively from last year. Over the past 30 days, the consensus EPS projection has moved 1.64% higher, and Progressive currently carries a Zacks Rank of #3 (Hold). The stock trades at a Forward P/E of 11.87, a premium to its industry average of 10.79, and holds a PEG ratio of 2.33 versus an industry average of 1.81.
Progressive CorpConsensus EPS estimate for Progressive moved 1.64% higher over the past 30 days, with projected 7.9% YoY earnings growth.
