PROG Holdings Q2 Adj $0.92 Beats $0.72 Estimate, Sales $592.16M Beat $571.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
PROG Holdings (NYSE:PRG) reported Q2 earnings of $0.92 per share, beating the analyst estimate of $0.72 by 27.78%. Quarterly sales were $592.16 million, surpassing the $571.24 million estimate by 3.66%. Sales decreased slightly by 0.12% compared to the same period last year.
July 24, 2024 | 11:48 am
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PROG Holdings reported Q2 earnings of $0.92 per share, beating the analyst estimate of $0.72 by 27.78%. Quarterly sales were $592.16 million, surpassing the $571.24 million estimate by 3.66%. Sales decreased slightly by 0.12% compared to the same period last year.
The significant beat on both EPS and revenue estimates is likely to have a positive short-term impact on PRG's stock price. However, the slight year-over-year decrease in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100