Progressive(PGR)
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Why Progressive (PGR) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-07-22 14:57
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style ...
All You Need to Know About Progressive (PGR) Rating Upgrade to Buy
ZACKS· 2024-07-19 17:00
Progressive (PGR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing e ...
Is Hercules Capital (HTGC) Stock Outpacing Its Finance Peers This Year?
ZACKS· 2024-07-19 14:41
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Hercules Capital (HTGC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Hercules Capital is a member of the Finance sector. This group includes 862 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector ...
Brokers Suggest Investing in Progressive (PGR): Read This Before Placing a Bet
ZACKS· 2024-07-19 14:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Progressive (PGR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Progressive currently has an average bro ...
Progressive Insurance® Celebrates the 'Summer of Dr. Rick' - Releasing New Campaigns for Handling Social Norms and Traveling Faux Pas
Prnewswire· 2024-07-17 15:36
This summer, Parenta-Life Coach, Dr. Rick, offers up advice for young homeowners trying to un-become their parents whether it's entertaining at home, navigating social conversations or traveling overseasMAYFIELD VILLAGE, Ohio, July 17, 2024 /PRNewswire/ -- Progressive Insurance® is thrilled to unveil new creative work featuring one of the brand's most beloved and relatable figures, Parenta-Life Coach, Dr. Rick. As young homeowners gear up for summer BBQs and travel adventures, many find themselves facing "P ...
Progressive's (PGR) Q2 Earnings Beat, Premiums Rise Y/Y
ZACKS· 2024-07-16 17:36
The Progressive Corporation’s (PGR) second-quarter 2024 earnings per share of $2.65 beat the Zacks Consensus Estimate of $1.99. The bottom line improved more than five times year over year. Operating revenues of $18.3 billion beat the Zacks Consensus Estimate by 1.4% and increased 18.9% year over year.Shares gained 2.3% in the pre-market trading session to reflect the outperformance.The Progressive Corporation Price, Consensus and EPS SurpriseBehind the HeadlinesNet premiums written were $17.9 billion in th ...
Compared to Estimates, Progressive (PGR) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-07-16 16:00
For the quarter ended June 2024, Progressive (PGR) reported revenue of $18.26 billion, up 19.9% over the same period last year. EPS came in at $2.65, compared to $0.50 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $18.02 billion, representing a surprise of +1.35%. The company delivered an EPS surprise of +33.17%, with the consensus EPS estimate being $1.99.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...
Progressive(PGR) - 2024 Q2 - Quarterly Results
2024-07-16 12:34
NEWS RELEASE The Progressive Corporation Company Contact: 6300 Wilson Mills Road Douglas S. Constantine Mayfield Village, Ohio 44143 (440) 395-3707 http://www.progressive.com investor_relations@progressive.com PROGRESSIVE REPORTS JUNE RESULTS MAYFIELD VILLAGE, OHIO -- July 16, 2024 -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended June 30, 2024 and the second quarter of 2024: June Quarter (millions, except per share amounts and ratios; | --- | --- | --- | --- ...
Progressive Reports June 2024 Results
GlobeNewswire News Room· 2024-07-16 12:16
MAYFIELD VILLAGE, OHIO, July 16, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended June 30, 2024 and the second quarter of 2024: June Quarter (millions, except per share amounts and ratios; unaudited)2024 2024 2023 ChangeNet premiums written$5,748.5$17,901.6 $14,716.9 22 %Net premiums earned$5,777.0$17,209.5 $14,464.4 19 %Net income$802.7$1,458.7 $345.4 322 %Per share available to common shareholders$1.37$2.48 $0.57 334 %Total p ...
Here's What to Expect From Progressive (PGR) in Q2 Earnings
ZACKS· 2024-07-12 15:46
The Progressive Corporation (PGR) is slated to report second-quarter 2024 earnings on Jul 16 before the opening bell. The company’s earnings beat estimates in the last reported quarter.The Zacks Consensus Estimate for earnings is pegged at $1.99 per share on revenues of $18 billion. The top and bottom-line estimates suggest an increase of 298% and 18.3%, respectively, from a year ago.Per our proven model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increa ...