Progressive (PGR) Q1 Earnings Lag Estimates

Progressive (PGR) came out with quarterly earnings of $4.65 per share, missing the Zacks Consensus Estimate of $4.72 per share. This compares to earnings of $3.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.48%. A quarter ago, it was expected that this insurer would post earnings of $3.43 per share when it actually produced earnings of $4.08, delivering a surprise of 18.95%.Over the last four quarters, the company has s ...