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Progressive (PGR) Stock Moves -0.17%: What You Should Know

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Progressive (PGR - Free Report) closed the most recent trading day at $65.19, moving -0.17% from the previous trading session. This move was narrower than the S&P 500's daily loss of 0.79%. Elsewhere, the Dow lost 0.85%, while the tech-heavy Nasdaq lost 1.11%.

Heading into today, shares of the insurer had gained 8.47% over the past month, lagging the Finance sector's gain of 14.28% and the S&P 500's gain of 13.44% in that time.

PGR will be looking to display strength as it nears its next earnings release, which is expected to be April 16, 2019. In that report, analysts expect PGR to post earnings of $1.36 per share. This would mark year-over-year growth of 11.48%. Meanwhile, our latest consensus estimate is calling for revenue of $8.69 billion, up 16.15% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.01 per share and revenue of $37.02 billion. These totals would mark changes of +13.35% and +14.31%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for PGR. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 2.14% higher. PGR is currently a Zacks Rank #1 (Strong Buy).

In terms of valuation, PGR is currently trading at a Forward P/E ratio of 13.04. Its industry sports an average Forward P/E of 12.38, so we one might conclude that PGR is trading at a premium comparatively.

We can also see that PGR currently has a PEG ratio of 1.78. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Insurance - Property and Casualty industry currently had an average PEG ratio of 1.09 as of yesterday's close.

The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 87, which puts it in the top 34% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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