PROG Holdings Q3 2024 Adj. EPS $0.77 Misses $0.79 Estimate, Sales $606.145M Beat $595.112M Estimate
Portfolio Pulse from Benzinga Newsdesk
PROG Holdings reported Q3 2024 earnings with an adjusted EPS of $0.77, missing the $0.79 estimate, but sales of $606.145M beat the $595.112M estimate. Sales increased by 3.99% compared to the same period last year.
October 23, 2024 | 11:33 am
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NEUTRAL IMPACT
PROG Holdings' Q3 2024 earnings per share missed estimates, but sales exceeded expectations, showing a year-over-year increase.
The mixed earnings report, with EPS missing but sales beating estimates, suggests a neutral short-term impact on the stock price. The sales growth indicates positive business momentum, but the EPS miss may concern investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100