Progressive Earnings Preview: What to Expect

The Progressive Corporation (PGR), which is headquartered in the village of Mayfield, Ohio, is among the largest car insurance companies in the United States, recognized for innovative pricing strategies and the direct model of consumers. With the marketing of the market of $ 152.2 billion, the company maintains a strong foothold in each of the personal and commercial insurance sectors, providing a wide range of products ranging from car insurance, home and tenants to specialized coverage for motorcycles, boats and RVS. PGR is expected to announce the results of Q2’s financial profits on Tuesday 15 July.

Before this event, analysts expect the insurance company to report a profit of $ 4.11 per share, an increase of 55.1 % from $ 2.65 per share per year. The company has exceeded Wall Street estimates in three quarters of the past four four, while it misses appreciation in the last quarter.

For the 2025 fiscal year, analysts expect that PGR will report $ 16.52, an increase of 17.6 % on an annual basis from $ 14.05 in the fiscal year 2024. However, in the 2016 fiscal year, the share profitability in the company will decrease by 2.4 % annually to $ 16.13.

PGR shares have increased by 25.7 % over the past 52 weeks, which greatly outperformed the S&P 500 index ($ SPX) by 12.1 %, but behind the SPDR financial box revenue (XLF) by 26.3 % during the same period.

On June 9, Progressive shares decreased by 4.7 % before the closure of 2.9 %, although there is no news for the company. This decrease was driven by wider fears in the insurance sector, including signs of softening property insurance pricing and lowering analysts. In addition, investors relate to the potential damage to property and cars from civil disorders in Los Angeles, where progress has a strong presence in the market, as they were weighed on stocks.

Wall Street analysts are moderately optimistic about PGR shares, with a “moderate purchase” classification in general. Of the 21 analysts covering the arrow, 12 “strong purchase” recommends, two refer to “moderate purchase”, and seven refer to “Hold”.

The average price of the target analyst for PGR is 303.89 dollars, indicating a possible increase of 16.2 % of the current levels.

On the date of publication, Kritika Sarmah did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com