Progressive (PGR) to Report Q1 Results: Wall Street Expects Earnings Growth

Core Viewpoint - Progressive (PGR) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with a consensus outlook suggesting a positive earnings picture that could influence its stock price in the near term [1][3]. Earnings Expectations - The consensus EPS estimate for Progressive is $4.60 per share, reflecting a year-over-year increase of +23.3$20.38 billion, which is a 19.3% increase from the same quarter last year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised 0.49% higher, indicating a collective reassessment by covering analysts [4]. - The Most Accurate Estimate for Progressive is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +4.31% [10][11]. Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8]. - Stocks with this combination have historically produced a positive surprise nearly 70% of the time [8]. Historical Performance - In the last reported quarter, Progressive exceeded the expected earnings of $3.43 per share by delivering$4.08, resulting in a surprise of +18.95% [12]. - The company has beaten consensus EPS estimates in all of the last four quarters [13]. Conclusion - Progressive is positioned as a compelling candidate for an earnings beat, but investors should consider other factors that may influence stock performance beyond earnings results [16].