PROG Holdings Q4 2023 Adj EPS $0.72 Beats $0.69 Estimate, Sales $577.40M Beat $564.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
PROG Holdings (NYSE:PRG) reported Q4 2023 adjusted EPS of $0.72, surpassing the $0.69 estimate, with sales of $577.40M exceeding the $564.03M forecast. This represents a 5.67% decrease in sales compared to the same period last year.
February 21, 2024 | 12:07 pm
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PROG Holdings reported a Q4 2023 adjusted EPS of $0.72, beating estimates, and sales of $577.40M, also above expectations.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. However, the reported 5.67% decrease in sales year-over-year might temper some of the positive impact.
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