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Progressive (PGR) Stock Sinks As Market Gains: What You Should Know
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Progressive (PGR - Free Report) ended the recent trading session at $257.80, demonstrating a -2.46% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.48% for the day. Meanwhile, the Dow experienced a drop of 0.02%, and the technology-dominated Nasdaq saw an increase of 0.94%.
Coming into today, shares of the insurer had lost 7.99% in the past month. In that same time, the Finance sector gained 3.5%, while the S&P 500 gained 5.13%.
The upcoming earnings release of Progressive will be of great interest to investors. The company's earnings report is expected on July 16, 2025. The company's earnings per share (EPS) are projected to be $4.27, reflecting a 61.13% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $21.52 billion, up 17.86% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $16.59 per share and a revenue of $87.54 billion, indicating changes of +18.08% and +16.55%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Progressive. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.92% upward. Progressive presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Progressive has a Forward P/E ratio of 15.93 right now. This indicates a premium in contrast to its industry's Forward P/E of 12.
One should further note that PGR currently holds a PEG ratio of 1.62. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Insurance - Property and Casualty industry was having an average PEG ratio of 2.73.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 49, which puts it in the top 20% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Progressive (PGR) Stock Sinks As Market Gains: What You Should Know
Progressive (PGR - Free Report) ended the recent trading session at $257.80, demonstrating a -2.46% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.48% for the day. Meanwhile, the Dow experienced a drop of 0.02%, and the technology-dominated Nasdaq saw an increase of 0.94%.
Coming into today, shares of the insurer had lost 7.99% in the past month. In that same time, the Finance sector gained 3.5%, while the S&P 500 gained 5.13%.
The upcoming earnings release of Progressive will be of great interest to investors. The company's earnings report is expected on July 16, 2025. The company's earnings per share (EPS) are projected to be $4.27, reflecting a 61.13% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $21.52 billion, up 17.86% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $16.59 per share and a revenue of $87.54 billion, indicating changes of +18.08% and +16.55%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Progressive. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.92% upward. Progressive presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Progressive has a Forward P/E ratio of 15.93 right now. This indicates a premium in contrast to its industry's Forward P/E of 12.
One should further note that PGR currently holds a PEG ratio of 1.62. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Insurance - Property and Casualty industry was having an average PEG ratio of 2.73.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 49, which puts it in the top 20% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.