A Preview Of Progressive's Earnings
Portfolio Pulse from Benzinga Insights
Progressive (NYSE:PGR) is set to release its latest quarterly earnings report on October 13, 2023. Analysts estimate an earnings per share (EPS) of $1.72. The company's previous quarter saw a miss in EPS by $0.47, followed by a 1.75% increase in share price. Progressive's shares were trading at $143.86 as of October 11, with a 23.97% increase over the last 52-week period.
October 12, 2023 | 2:00 pm
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NEUTRAL IMPACT
Progressive's upcoming earnings report could impact its stock price. The company's previous earnings miss was followed by a share price increase, indicating that the market may react positively even if estimates are not met.
Progressive's stock price could be influenced by its upcoming earnings report. Despite missing earnings estimates last quarter, the company's share price increased, suggesting that the market may not react negatively to an earnings miss. However, it's also possible that the market has already priced in expectations for this earnings report, which could limit the impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100