Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is The Progressive (PGR - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
The Progressive is a member of our Finance group, which includes 851 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. PGR is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for PGR's full-year earnings has moved 7.82% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, PGR has returned 25.41% so far this year. In comparison, Finance companies have returned an average of -4.43%. This means that The Progressive is performing better than its sector in terms of year-to-date returns.
To break things down more, PGR belongs to the Insurance - Property and Casualty industry, a group that includes 47 individual companies and currently sits at #94 in the Zacks Industry Rank. This group has gained an average of 4.14% so far this year, so PGR is performing better in this area.
PGR will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is The Progressive (PGR - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
The Progressive is a member of our Finance group, which includes 851 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. PGR is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for PGR's full-year earnings has moved 7.82% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, PGR has returned 25.41% so far this year. In comparison, Finance companies have returned an average of -4.43%. This means that The Progressive is performing better than its sector in terms of year-to-date returns.
To break things down more, PGR belongs to the Insurance - Property and Casualty industry, a group that includes 47 individual companies and currently sits at #94 in the Zacks Industry Rank. This group has gained an average of 4.14% so far this year, so PGR is performing better in this area.
PGR will likely be looking to continue its solid performance, so investors interested Finance stocks should continue to pay close attention to the company.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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