Progressive closed at $210.96, up 1.76% from the previous session, outpacing the S&P 500's 0.2% gain. Ahead of its upcoming earnings release, the insurer's projected EPS stands at $4.27, a 5.43% increase from the prior-year quarter, while consensus revenue is estimated at $23.35 billion, up 5.11%. For the full fiscal year, the Zacks Consensus Estimates project earnings of $17.93 per share and revenue of $92.56 billion, representing changes of -1.75% and +6.46% respectively from the prior year. Over the past month, the Zacks Consensus EPS estimate has shifted 1.03% upward, and Progressive currently carries a Zacks Rank of #3 (Hold). The stock trades at a Forward P/E of 11.56, a premium to its industry average of 10.6, and a PEG ratio of 2.65 versus the Insurance - Property and Casualty industry average of 1.8.
Progressive CorpProgressive's projected EPS rose 5.43% YoY and the consensus EPS estimate shifted 1.03% upward ahead of earnings, driving the shares higher.
