Progressive Corp Earnings Estimate
| PGR Stock | USD 213.67 1.26 0.59% |
Progressive Corp Revenue Breakdown by Earning Segment
By analyzing Progressive Corp's earnings estimates, investors can diagnose different trends across Progressive Corp's analyst sentiment over time as well as compare current estimates against different timeframes. At this time, Progressive Corp's Gross Profit is relatively stable compared to the past year. As of 05/15/2024, Pretax Profit Margin is likely to grow to 0.13, while Gross Profit Margin is likely to drop 0.80.
Progressive |
Progressive Corp Earnings Estimation Breakdown
The calculation of Progressive Corp's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Progressive Corp is estimated to be 2.57 with the future projection ranging from a low of 1.97 to a high of 3.18. Please be aware that this consensus of annual earnings estimates for Progressive Corp is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
1.97 Lowest | Expected EPS | 3.18 Highest |
Progressive Corp Earnings Projection Consensus
Suppose the current estimates of Progressive Corp's value are higher than the current market price of the Progressive Corp stock. In this case, investors may conclude that Progressive Corp is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Progressive Corp's stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 30th of June 2024 | Current EPS (TTM) | |
| 19 | 65.02% | 3.75 | 2.57 | 9.77 |
Progressive Corp Earnings per Share Projection vs Actual
Actual Earning per Share of Progressive Corp refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Progressive Corp predict the company's earnings will be in the future. The higher the earnings per share of Progressive Corp, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Progressive Corp Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Progressive Corp, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Progressive Corp should always be considered in relation to other companies to make a more educated investment decision.Progressive Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Progressive Corp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-05-15 | 2024-03-31 | 3.21 | 3.75 | 0.54 | 16 | ||
2024-01-24 | 2023-12-31 | 2.39 | 2.97 | 0.58 | 24 | ||
2023-10-13 | 2023-09-30 | 1.72 | 2.09 | 0.37 | 21 | ||
2023-07-13 | 2023-06-30 | 0.87 | 0.79 | -0.08 | 9 | ||
2023-04-13 | 2023-03-31 | 1.37 | 0.63 | -0.74 | 54 | ||
2023-01-25 | 2022-12-31 | 1.43 | 1.52 | 0.09 | 6 | ||
2022-10-13 | 2022-09-30 | 0.89 | 0.49 | -0.4 | 44 | ||
2022-07-15 | 2022-06-30 | 0.93 | 1.07 | 0.14 | 15 | ||
2022-05-02 | 2022-03-31 | 1.15 | 1.1 | -0.05 | 4 | ||
2022-01-26 | 2021-12-31 | 1 | 0.9 | -0.1 | 10 | ||
2021-10-14 | 2021-09-30 | 0.21 | 0.14 | -0.07 | 33 | ||
2021-07-15 | 2021-06-30 | 1.08 | 0.72 | -0.36 | 33 | ||
2021-04-15 | 2021-03-31 | 1.72 | 1.72 | 0.0 | 0 | ||
2021-01-27 | 2020-12-31 | 1.67 | 1.83 | 0.16 | 9 | ||
2020-10-14 | 2020-09-30 | 1.72 | 1.89 | 0.17 | 9 | ||
2020-07-15 | 2020-06-30 | 1.74 | 1.84 | 0.1 | 5 | ||
2020-04-15 | 2020-03-31 | 1.52 | 1.91 | 0.39 | 25 | ||
2020-01-29 | 2019-12-31 | 1.16 | 1.18 | 0.02 | 1 | ||
2019-10-16 | 2019-09-30 | 1.31 | 1.33 | 0.02 | 1 | ||
2019-07-17 | 2019-06-30 | 1.43 | 1.42 | -0.01 | 0 | ||
2019-04-16 | 2019-03-31 | 1.37 | 1.33 | -0.04 | 2 | ||
2019-01-23 | 2018-12-31 | 1.01 | 1.24 | 0.23 | 22 | ||
2018-10-16 | 2018-09-30 | 1.11 | 1.33 | 0.22 | 19 | ||
2018-07-17 | 2018-06-30 | 1.11 | 1.15 | 0.04 | 3 | ||
2018-04-17 | 2018-03-31 | 1.19 | 1.29 | 0.1 | 8 | ||
2018-01-24 | 2017-12-31 | 0.77 | 0.82 | 0.05 | 6 | ||
2017-10-17 | 2017-09-30 | 0.34 | 0.41 | 0.07 | 20 | ||
2017-07-18 | 2017-06-30 | 0.6 | 0.59 | -0.01 | 1 | ||
2017-04-18 | 2017-03-31 | 0.69 | 0.67 | -0.02 | 2 | ||
2017-01-25 | 2016-12-31 | 0.51 | 0.63 | 0.12 | 23 | ||
2016-10-13 | 2016-09-30 | 0.33 | 0.36 | 0.03 | 9 | ||
2016-07-14 | 2016-06-30 | 0.33 | 0.29 | -0.04 | 12 | ||
2016-04-14 | 2016-03-31 | 0.5 | 0.42 | -0.08 | 16 | ||
2016-01-27 | 2015-12-31 | 0.47 | 0.53 | 0.06 | 12 | ||
2015-10-16 | 2015-09-30 | 0.48 | 0.49 | 0.01 | 2 | ||
2015-07-17 | 2015-06-30 | 0.55 | 0.53 | -0.02 | 3 | ||
2015-04-15 | 2015-03-31 | 0.43 | 0.46 | 0.03 | 6 | ||
2015-01-28 | 2014-12-31 | 0.45 | 0.6 | 0.15 | 33 | ||
2014-10-10 | 2014-09-30 | 0.44 | 0.46 | 0.02 | 4 | ||
2014-07-10 | 2014-06-30 | 0.48 | 0.45 | -0.03 | 6 | ||
2014-04-09 | 2014-03-31 | 0.39 | 0.41 | 0.02 | 5 | ||
2014-01-22 | 2013-12-31 | 0.42 | 0.41 | -0.01 | 2 | ||
2013-10-09 | 2013-09-30 | 0.36 | 0.36 | 0.0 | 0 | ||
2013-07-11 | 2013-06-30 | 0.41 | 0.39 | -0.02 | 4 | ||
2013-04-10 | 2013-03-31 | 0.45 | 0.42 | -0.03 | 6 | ||
2013-01-18 | 2012-12-31 | 0.34 | 0.34 | 0.0 | 0 | ||
2012-10-12 | 2012-09-30 | 0.26 | 0.27 | 0.01 | 3 | ||
2012-07-12 | 2012-06-30 | 0.27 | 0.2 | -0.07 | 25 | ||
2012-04-11 | 2012-03-31 | 0.39 | 0.34 | -0.05 | 12 | ||
2012-01-19 | 2011-12-31 | 0.35 | 0.39 | 0.04 | 11 | ||
2011-10-12 | 2011-09-30 | 0.28 | 0.29 | 0.01 | 3 | ||
2011-07-14 | 2011-06-30 | 0.39 | 0.35 | -0.04 | 10 | ||
2011-04-14 | 2011-03-31 | 0.43 | 0.45 | 0.02 | 4 | ||
2011-01-20 | 2010-12-31 | 0.36 | 0.37 | 0.01 | 2 | ||
2010-10-14 | 2010-09-30 | 0.37 | 0.37 | 0.0 | 0 | ||
2010-07-14 | 2010-06-30 | 0.36 | 0.36 | 0.0 | 0 | ||
2010-04-14 | 2010-03-31 | 0.37 | 0.41 | 0.04 | 10 | ||
2010-01-20 | 2009-12-31 | 0.37 | 0.41 | 0.04 | 10 | ||
2009-10-14 | 2009-09-30 | 0.33 | 0.36 | 0.03 | 9 | ||
2009-07-10 | 2009-06-30 | 0.36 | 0.36 | 0.0 | 0 | ||
2009-04-15 | 2009-03-31 | 0.42 | 0.42 | 0.0 | 0 | ||
2009-01-21 | 2008-12-31 | 0.35 | 0.3 | -0.05 | 14 | ||
2008-10-10 | 2008-09-30 | 0.33 | 0.31 | -0.02 | 6 | ||
2008-07-10 | 2008-06-30 | 0.37 | 0.36 | -0.01 | 2 | ||
2008-04-09 | 2008-03-31 | 0.29 | 0.32 | 0.03 | 10 | ||
2008-01-16 | 2007-12-31 | 0.33 | 0.31 | -0.02 | 6 | ||
2007-10-10 | 2007-09-30 | 0.37 | 0.37 | 0.0 | 0 | ||
2007-07-12 | 2007-06-30 | 0.45 | 0.39 | -0.06 | 13 | ||
2007-04-11 | 2007-03-31 | 0.46 | 0.47 | 0.01 | 2 | ||
2007-01-17 | 2006-12-31 | 0.5 | 0.52 | 0.02 | 4 | ||
2006-10-11 | 2006-09-30 | 0.5 | 0.53 | 0.03 | 6 | ||
2006-07-13 | 2006-06-30 | 0.52 | 0.53 | 0.01 | 1 | ||
2006-04-12 | 2006-03-31 | 0.49 | 0.55 | 0.06 | 12 | ||
2006-01-18 | 2005-12-31 | 0.39 | 0.39 | 0.0 | 0 | ||
2005-10-12 | 2005-09-30 | 0.4 | 0.39 | -0.01 | 2 | ||
2005-07-14 | 2005-06-30 | 0.49 | 0.5 | 0.01 | 2 | ||
2005-04-14 | 2005-03-31 | 0.47 | 0.5 | 0.03 | 6 | ||
2005-01-20 | 2004-12-31 | 0.42 | 0.5 | 0.08 | 19 | ||
2004-10-13 | 2004-09-30 | 0.42 | 0.43 | 0.01 | 2 | ||
2004-07-14 | 2004-06-30 | 0.44 | 0.44 | 0.0 | 0 | ||
2004-04-14 | 2004-03-31 | 0.44 | 0.48 | 0.04 | 9 | ||
2004-01-21 | 2003-12-31 | 0.38 | 0.41 | 0.03 | 7 | ||
2003-10-22 | 2003-09-30 | 0.34 | 0.37 | 0.03 | 8 | ||
2003-07-16 | 2003-06-30 | 0.31 | 0.31 | 0.0 | 0 | ||
2003-04-16 | 2003-03-31 | 0.27 | 0.33 | 0.06 | 22 | ||
2003-01-22 | 2002-12-31 | 0.21 | 0.2 | -0.01 | 4 | ||
2002-10-16 | 2002-09-30 | 0.21 | 0.22 | 0.01 | 4 | ||
2002-07-17 | 2002-06-30 | 0.2 | 0.18 | -0.02 | 10 | ||
2002-04-17 | 2002-03-31 | 0.2 | 0.21 | 0.01 | 5 | ||
2002-01-23 | 2001-12-31 | 0.15 | 0.16 | 0.01 | 6 | ||
2001-10-17 | 2001-09-30 | 0.13 | 0.17 | 0.04 | 30 | ||
2001-07-18 | 2001-06-30 | 0.1 | 0.12 | 0.02 | 20 | ||
2001-04-18 | 2001-03-31 | 0.06 | 0.1 | 0.04 | 66 | ||
2001-01-24 | 2000-12-31 | 0.04 | 0.06 | 0.02 | 50 | ||
2000-11-15 | 2000-09-30 | 0.03 | 0.04 | 0.01 | 33 | ||
2000-07-20 | 2000-06-30 | 0.02 | 0.01 | -0.01 | 50 | ||
2000-04-18 | 2000-03-31 | 0.01 | -0.04 | -0.05 | 500 | ||
2000-01-27 | 1999-12-31 | 0.02 | 0.01 | -0.01 | 50 | ||
1999-10-19 | 1999-09-30 | 0.06 | 0.07 | 0.01 | 16 | ||
1999-07-20 | 1999-06-30 | 0.13 | 0.13 | 0.0 | 0 | ||
1999-04-19 | 1999-03-31 | 0.12 | 0.12 | 0.0 | 0 | ||
1999-01-25 | 1998-12-31 | 0.13 | 0.12 | -0.01 | 7 | ||
1998-10-15 | 1998-09-30 | 0.11 | 0.15 | 0.04 | 36 | ||
1998-07-21 | 1998-06-30 | 0.11 | 0.12 | 0.01 | 9 | ||
1998-04-16 | 1998-03-31 | 0.1 | 0.11 | 0.01 | 10 | ||
1998-01-27 | 1997-12-31 | 0.1 | 0.09 | -0.01 | 10 | ||
1997-10-14 | 1997-09-30 | 0.1 | 0.1 | 0.0 | 0 | ||
1997-07-16 | 1997-06-30 | 0.1 | 0.09 | -0.01 | 10 | ||
1997-04-16 | 1997-03-31 | 0.09 | 0.09 | 0.0 | 0 | ||
1997-01-21 | 1996-12-31 | 0.09 | 0.1 | 0.01 | 11 |
About Progressive Corp Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Progressive Corp earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Progressive Corp estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Progressive Corp fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.| Last Reported | Projected for Next Year | ||
| Retained Earnings | 18.8 B | 19.7 B | |
| Retained Earnings Total Equity | 17.6 B | 18.5 B | |
| Earnings Yield | 0.04 | 0.07 | |
| Price Earnings Ratio | 23.87 | 14.18 | |
| Price Earnings To Growth Ratio | 0.05 | 0.06 |
Progressive Corp Investors Sentiment
The influence of Progressive Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Progressive. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Progressive Corp's public news can be used to forecast risks associated with an investment in Progressive. The trend in average sentiment can be used to explain how an investor holding Progressive can time the market purely based on public headlines and social activities around Progressive Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Progressive Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Progressive Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Progressive Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Progressive Corp.
Progressive Corp Implied Volatility | 41.18 |
Progressive Corp's implied volatility exposes the market's sentiment of Progressive Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Progressive Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Progressive Corp stock will not fluctuate a lot when Progressive Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Progressive Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Progressive Corp's short interest history, or implied volatility extrapolated from Progressive Corp options trading.
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Progressive Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Progressive Stock, please use our How to Invest in Progressive Corp guide.Note that the Progressive Corp information on this page should be used as a complementary analysis to other Progressive Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Progressive Stock analysis
When running Progressive Corp's price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.
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Is Progressive Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Progressive Corp. If investors know Progressive will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Progressive Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.253 | Dividend Share 1.15 | Earnings Share 9.77 | Revenue Per Share 111.143 | Quarterly Revenue Growth 0.206 |
The market value of Progressive Corp is measured differently than its book value, which is the value of Progressive that is recorded on the company's balance sheet. Investors also form their own opinion of Progressive Corp's value that differs from its market value or its book value, called intrinsic value, which is Progressive Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Progressive Corp's market value can be influenced by many factors that don't directly affect Progressive Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Progressive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Progressive Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progressive Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.