Progressive(US:PGR) ZACKSยท2025-09-09 22:46Company Performance - Progressive's stock closed at $243.26, down 1.09%, underperforming the S&P 500's daily gain of 0.27% [1] - Over the past month, Progressive's stock has increased by 0.43%, lagging behind the Finance sector's gain of 2.38% and the S&P 500's gain of 1.85% [1] Earnings Expectations - Analysts expect Progressive to report earnings of $4.07 per share, reflecting a year-over-year growth of 13.69% [2] - The revenue forecast for the upcoming quarter is $22.45 billion, indicating a 15.55% growth compared to the same quarter last year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates predict earnings of $17.68 per share and revenue of $87.44 billion, representing changes of +25.84% and +16.42% respectively compared to the previous year [3] Analyst Estimates - Recent adjustments to analyst estimates for Progressive are important as they reflect near-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations [4] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown a strong track record, with 1 stocks averaging an annual return of +25% since 1988 [6] - Progressive currently holds a Zacks Rank of 2 (Buy), with a recent 1.11% rise in the Zacks Consensus EPS estimate [6] Valuation Metrics - Progressive has a Forward P/E ratio of 13.91, which is a premium compared to the industry average Forward P/E of 11.73 [7] - The company has a PEG ratio of 1.43, while the Insurance - Property and Casualty industry has an average PEG ratio of 2.43 [7] Industry Overview - The Insurance - Property and Casualty industry is part of the Finance sector and holds a Zacks Industry Rank of 37, placing it in the top 15% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]