Progressive Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Viewpoint - Progressive Corporation (PGR) is expected to report significant earnings growth for the second quarter, with analysts projecting earnings of $4.29 per share, up from $2.65 per share in the same period last year [1]. Financial Performance - The company is projected to report quarterly revenue of $20.36 billion, an increase from $17.9 billion a year earlier [1]. - In the first quarter, Progressive posted weaker-than-expected results [2]. Stock Performance and Analyst Ratings - Progressive shares fell 0.5% to close at $250.41 [3]. - Analyst ratings for PGR stock include: - Keefe, Bruyette & Woods maintained a Market Perform rating and raised the price target from $288 to $290 [8]. - UBS maintained a Neutral rating and cut the price target from $291 to $280 [8]. - Barclays maintained an Equal-Weight rating and reduced the price target from $297 to $287 [8]. - Wells Fargo maintained an Overweight rating and raised the price target from $328 to $333 [8]. - BMO Capital maintained an Outperform rating and increased the price target from $282 to $288 [8].