PROG Holdings Q1 2024 Adj EPS $0.91 Beats $0.82 Estimate, Sales $641.870M Beat $633.362M Estimate
Portfolio Pulse from Benzinga Newsdesk
PROG Holdings (NYSE:PRG) reported Q1 2024 earnings of $0.91 per share, surpassing the consensus estimate of $0.82. Sales reached $641.870M, also beating estimates of $633.362M but marking a 2.03% decrease from the previous year.
April 24, 2024 | 11:37 am
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PROG Holdings reported higher than expected Q1 2024 earnings and sales, with a slight year-over-year sales decrease.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. However, the slight decrease in year-over-year sales may temper some of the enthusiasm, suggesting a balanced but overall positive impact.
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