For the quarter ended December 2024, Progressive (PGR) reported income of $20.33 billion, up 22.6% over the identical interval final yr. EPS got here in at $4.08, in comparison with $2.96 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $19.82 billion, representing a shock of +2.55%. The corporate delivered an EPS shock of +18.95%, with the consensus EPS estimate being $3.43.
Whereas buyers intently watch year-over-year adjustments in headline numbers — income and earnings — and the way they examine to Wall Avenue expectations to find out their subsequent plan of action, some key metrics at all times present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers mission a inventory’s worth efficiency extra precisely.
Right here is how Progressive carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Companywide Complete – Mixed ratio: 87.9% versus 89.8% estimated by seven analysts on common.
- Insurance policies in pressure – Complete Private Traces: 33.81 million in comparison with the 30.38 million common estimate based mostly on two analysts.
- Insurance policies in pressure – Complete Property enterprise: 3.52 million in comparison with the three.46 million common estimate based mostly on two analysts.
- Insurance policies in pressure – Private Traces – Company auto: 9.78 million versus the two-analyst common estimate of 9.81 million.
- Insurance policies in pressure – Complete private auto: 23.77 million versus 23.86 million estimated by two analysts on common.
- Insurance policies in pressure – Complete particular traces: 6.52 million versus 6.53 million estimated by two analysts on common.
- Insurance policies in pressure – Companywide Complete: 34.95 million versus the two-analyst common estimate of 34.99 million.
- Insurance policies in pressure – Complete Business Traces: 1.14 million in comparison with the 1.15 million common estimate based mostly on two analysts.
- Insurance policies in pressure – Private Traces – Direct auto: 14 million in comparison with the 14.04 million common estimate based mostly on two analysts.
- Web premiums earned: $19.14 billion versus $18.66 billion estimated by seven analysts on common. In comparison with the year-ago quarter, this quantity represents a +21.4% change.
View all Key Company Metrics for Progressive here>>>
Shares of Progressive have returned +2.3% over the previous month versus the Zacks S&P 500 composite’s +1.7% change. The inventory presently has a Zacks Rank #3 (Maintain), indicating that it might carry out in step with the broader market within the close to time period.
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The Progressive Corporation (PGR) : Free Stock Analysis Report
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