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Is The Progressive (PGR) Stock Outpacing Its Finance Peers This Year?
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Investors focused on the Finance space have likely heard of The Progressive (PGR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
The Progressive is a member of our Finance group, which includes 821 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. PGR is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for PGR's full-year earnings has moved 12.45% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, PGR has moved about 17.68% on a year-to-date basis. Meanwhile, stocks in the Finance group have lost about 0.89% on average. As we can see, The Progressive is performing better than its sector in the calendar year.
Breaking things down more, PGR is a member of the Insurance - Property and Casualty industry, which includes 48 individual companies and currently sits at #110 in the Zacks Industry Rank. On average, this group has gained an average of 4.70% so far this year, meaning that PGR is performing better in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to PGR as it looks to continue its solid performance.
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Is The Progressive (PGR) Stock Outpacing Its Finance Peers This Year?
Investors focused on the Finance space have likely heard of The Progressive (PGR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
The Progressive is a member of our Finance group, which includes 821 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. PGR is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for PGR's full-year earnings has moved 12.45% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, PGR has moved about 17.68% on a year-to-date basis. Meanwhile, stocks in the Finance group have lost about 0.89% on average. As we can see, The Progressive is performing better than its sector in the calendar year.
Breaking things down more, PGR is a member of the Insurance - Property and Casualty industry, which includes 48 individual companies and currently sits at #110 in the Zacks Industry Rank. On average, this group has gained an average of 4.70% so far this year, meaning that PGR is performing better in terms of year-to-date returns.
Going forward, investors interested in Finance stocks should continue to pay close attention to PGR as it looks to continue its solid performance.