Why the Market Dipped But Progressive (PGR) Gained Today

Company Performance - Progressive (PGR) stock closed at $274.62, with a +0.49% change compared to the previous day, outperforming the S&P 500's loss of 0.22% [1] - Over the past month, shares of Progressive gained 1.36%, while the Finance sector lost 3.33% and the S&P 500 lost 7.48% [1] Upcoming Financial Results - The upcoming EPS for Progressive is projected at$ 4.35, indicating a 16.62% increase year-over-year [2] - Revenue is anticipated to be $20.52 billion, reflecting a 20.07% increase from the same quarter last year [2] Full Year Estimates - For the full year, earnings are projected at$ 15.19 per share and revenue at $87.44 billion, showing increases of +8.11% and +16.42% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Progressive suggest a favorable outlook on the company's business health and profitability [4] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Progressive as 1 (Strong Buy), with a 5.33% rise in the Zacks Consensus EPS estimate over the past month [6] - Historically, 1 ranked stocks have contributed an average annual return of +25% since 1988 [6] Valuation Metrics - Progressive has a Forward P/E ratio of 17.99, which is higher than the industry average of 11.88, indicating it is trading at a premium [7] - The PEG ratio for Progressive is 1.65, compared to the industry average of 1.67 [8] Industry Context - The Insurance - Property and Casualty industry, part of the Finance sector, has a Zacks Industry Rank of 35, placing it in the top 14% of over 250 industries [9]