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Progressive (PGR) Q4 Earnings and Revenues Surpass Estimates
PGRProgressive(PGR) ZACKS·2025-01-29 16:20

Group 1 - Progressive reported quarterly earnings of 4.08pershare,exceedingtheZacksConsensusEstimateof4.08 per share, exceeding the Zacks Consensus Estimate of 3.43 per share, and up from 2.96pershareayearago,representinganearningssurpriseof18.952.96 per share a year ago, representing an earnings surprise of 18.95% [1] - The company achieved revenues of 20.33 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.55%, and an increase from 16.59billionyear−over−year[2]−ProgressivehasconsistentlysurpassedconsensusEPSestimatesoverthelastfourquarters,indicatingstrongperformance[2]Group2−Thestock′simmediatepricemovementwilldependonmanagement′scommentaryduringtheearningscallandfutureearningsexpectations[3][4]−Progressiveshareshaveincreasedbyapproximately2.316.59 billion year-over-year [2] - Progressive has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] Group 2 - The stock's immediate price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] - Progressive shares have increased by approximately 2.3% since the beginning of the year, compared to a 3.2% gain for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is 3.58, with expected revenues of 20.36billion,andforthecurrentfiscalyear,theestimateis20.36 billion, and for the current fiscal year, the estimate is 14.02 on $87.1 billion in revenues [7] Group 3 - The Zacks Industry Rank places the Insurance - Property and Casualty sector in the bottom 44% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that tracking these revisions can be beneficial for investors [5][6]