Earnings Preview: Progressive

PGR is set to give its latest quarterly earnings report on Thursday, 2021-10-14. Here's what investors need to know before the announcement.

Analysts estimate that Progressive will likely report an Earnings Per Share (EPS) of $0.21

Progressive bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed on EPS by $-33.33, which was followed by a 1.3 increase in the share price the next day.

Here's a look at Progressive's past performance and the resulting price change:

Stock Performance

Shares of Progressive were trading at $90.52 as of October 12. Over the last 52-week period, shares are down 7.64%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.