The Progressive Corp, (PGR - Free Report) a current Zacks Rank #1 (Strong Buy), is a massive American insurance company. Analysts have taken their earnings expectations higher across the board.
In addition to favorable earnings estimate revisions, the company resides within the Zacks Insurance – Property & Casualty industry, currently ranked in the top 11% of all Zacks industries. Let’s take a deeper look at the company.
Progressive
It’s worth noting that Progressive shares have been monster performers in general over the last decade, delivering a remarkable 27% annualized return vs. the S&P 500’s 13.4%. Shares saw buying pressure following its latest set of quarterly results, with investors pleased with the release.
Concerning the above-mentioned quarter, PGR exceeded the Zacks Consensus EPS estimate by 24% and posted a 3% revenue beat, reflecting growth rates of 97% and 23%, respectively. The company’s top line performance has been strong, with revenues enjoying a recent acceleration.
The stock remains a prime consideration for growth-focused investors, with consensus expectations for its current fiscal year (FY24) suggesting 60% earnings growth on 15% higher sales. Peeking ahead to FY25, expectations currently allude to an additional 12.5% growth in earnings on nearly 13% higher sales.
Keep an eye out for the company’s upcoming quarterly release expected on April 11th, as current consensus expectations allude to a 350% pop in earnings on 16% improved sales. Top line revisions have remained positive, with the $16.5 billion expected up modestly since January.
Bottom Line
Investors can implement a stellar strategy to find expected winners by taking advantage of the Zacks Rank – one of the most powerful market tools that provides a massive edge.
The top 5% of all stocks receive the highly coveted Zacks Rank #1 (Strong Buy). These stocks should outperform the market more than any other rank.
The Progressive Corp. (PGR - Free Report) would be an excellent stock for investors to consider, as displayed by its Zack Rank #1 (Strong Buy).
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Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.2% per year. So be sure to give these hand picked 7 your immediate attention.
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The Progressive Corp, (PGR - Free Report) a current Zacks Rank #1 (Strong Buy), is a massive American insurance company. Analysts have taken their earnings expectations higher across the board.
In addition to favorable earnings estimate revisions, the company resides within the Zacks Insurance – Property & Casualty industry, currently ranked in the top 11% of all Zacks industries. Let’s take a deeper look at the company.
Progressive
It’s worth noting that Progressive shares have been monster performers in general over the last decade, delivering a remarkable 27% annualized return vs. the S&P 500’s 13.4%. Shares saw buying pressure following its latest set of quarterly results, with investors pleased with the release.
Concerning the above-mentioned quarter, PGR exceeded the Zacks Consensus EPS estimate by 24% and posted a 3% revenue beat, reflecting growth rates of 97% and 23%, respectively. The company’s top line performance has been strong, with revenues enjoying a recent acceleration.
The stock remains a prime consideration for growth-focused investors, with consensus expectations for its current fiscal year (FY24) suggesting 60% earnings growth on 15% higher sales. Peeking ahead to FY25, expectations currently allude to an additional 12.5% growth in earnings on nearly 13% higher sales.
Keep an eye out for the company’s upcoming quarterly release expected on April 11th, as current consensus expectations allude to a 350% pop in earnings on 16% improved sales. Top line revisions have remained positive, with the $16.5 billion expected up modestly since January.
Bottom Line
Investors can implement a stellar strategy to find expected winners by taking advantage of the Zacks Rank – one of the most powerful market tools that provides a massive edge.
The top 5% of all stocks receive the highly coveted Zacks Rank #1 (Strong Buy). These stocks should outperform the market more than any other rank.
The Progressive Corp. (PGR - Free Report) would be an excellent stock for investors to consider, as displayed by its Zack Rank #1 (Strong Buy).
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.2% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>
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