UPDATE: Progressive Q3 2024 Adj. EPS $3.58 Misses $3.66 Estimate, Sales $18.297B Miss $19.052B Estimate
Portfolio Pulse from Benzinga Newsdesk
Progressive's Q3 2024 earnings and sales missed analyst estimates, with EPS at $3.58 versus the expected $3.66 and sales at $18.297 billion versus the expected $19.052 billion. Despite the miss, sales increased by 22.85% compared to the same period last year.
October 15, 2024 | 1:30 pm
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Progressive's Q3 2024 earnings and sales missed analyst expectations, with EPS at $3.58 and sales at $18.297 billion. Despite the miss, sales grew 22.85% year-over-year.
Progressive's earnings and sales both missed analyst estimates, which is typically seen as a negative indicator for short-term stock performance. However, the significant year-over-year sales growth of 22.85% may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100