Progressive (PGR) Q1 Earnings and Revenues Surpass Estimates

Progressive (PGR) came out with quarterly earnings of $3.73 per share, beating the Zacks Consensus Estimate of $3.20 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.56%. A quarter ago, it was expected that this insurer would post earnings of $2.38 per share when it actually produced earnings of $2.96, delivering a surprise of 24.37%.Over the last four quarters, the company has s ...