What Makes PROG Holdings (PRG) a New Strong Buy Stock

Core Viewpoint - PROG Holdings (PRG) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates indicate an improvement in the company's underlying business, suggesting potential for stock price appreciation [5][8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7][9]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions [9][11]. PROG Holdings Specifics - For the fiscal year ending December 2024, PROG Holdings is expected to earn $3 per share, reflecting a change of -18.3% from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for PROG Holdings has increased by 4% [8].