Progressive Corp Earnings Estimate

PGR
 Stock
  

USD 120.46  0.43  0.36%   

Many public companies, such as Progressive Corp, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Progressive Corp's earnings estimates, investors can diagnose different trends across Progressive Corp's analyst sentiment over time as well as compare current estimates against different timeframes.
Progressive Corp is projected to generate 3.59 in earnings per share on the 31st of December 2021. Progressive Corp earnings estimates module stress-tests analyst consensus about projected Progressive Corp EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Please check Your Equity Center.
  
As of 08/11/2022, Gross Profit is likely to drop to about 9.9 B. In addition to that, Profit Margin is likely to drop to 6.76

Progressive Corp Earnings Estimation Breakdown

Calculation of earning per share of Progressive Corp is based on official Zacks consensus of 7 analysts regarding Progressive Corp future annual earnings. Given the historical accuracy of 92.02%, the future earnings per share of Progressive Corp is estimated to be 3.59 with the lowest and highest values of 3.45 and 3.66, respectively. Please note that this consensus of annual earnings estimates for Progressive Corp is an estimate of EPS before non-recurring items and including employee stock options expenses
  Current EPS 1.4
3.45
Lowest
Expected EPS 3.59
3.66
Highest

Progressive Corp Earnings Projection Consensus

Suppose the current estimates of Progressive Corp's value are higher than the current market price of the Progressive Corp stock. In this case, investors may conclude that Progressive Corp is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Progressive Corp's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyCurrent EPSEPS Estimate for 31st of December 2021

7

92.02%

1.4

3.59

Progressive Corp Earnings per Share Projection vs Actual

Actual Earning per Share of Progressive Corp refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Progressive Corp predict the company's earnings will be in the future. The higher the earnings per share of Progressive Corp, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Progressive Corp Estimated Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Progressive Corp, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Progressive Corp should always be considered in relation to other companies to make a more educated investment decision.

Progressive Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Progressive Corp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2022-07-15
2022-06-300.931.070.1415 
2022-04-14
2022-03-311.151.1-0.05
2022-01-26
2021-12-3110.9-0.110 
2021-10-14
2021-09-300.210.14-0.0733 
2021-07-15
2021-06-301.080.72-0.3633 
2021-04-15
2021-03-311.721.720
2021-01-27
2020-12-311.681.830.15
2020-10-14
2020-09-301.721.890.17
2020-07-15
2020-06-301.741.840.1
2020-04-15
2020-03-311.521.910.3925 
2020-01-29
2019-12-311.161.180.02
2019-10-16
2019-09-301.311.330.02
2019-07-17
2019-06-301.431.42-0.01
2019-04-16
2019-03-311.371.27-0.1
2019-01-23
2018-12-311.011.240.2322 
2018-10-16
2018-09-301.121.330.2118 
2018-07-17
2018-06-301.111.150.04
2018-04-17
2018-03-311.191.290.1
2018-01-24
2017-12-310.770.820.05
2017-10-17
2017-09-300.340.410.0720 
2017-07-18
2017-06-300.60.59-0.01
2017-04-18
2017-03-310.690.67-0.02
2017-01-25
2016-12-310.510.630.1223 
2016-10-13
2016-09-300.330.360.03
2016-07-14
2016-06-300.330.29-0.0412 
2016-04-14
2016-03-310.50.42-0.0816 
2016-01-27
2015-12-310.470.530.0612 
2015-10-16
2015-09-300.480.490.01
2015-07-17
2015-06-300.550.53-0.02
2015-04-15
2015-03-310.430.460.03
2015-01-28
2014-12-310.450.60.1533 
2014-10-10
2014-09-300.440.460.02
2014-07-10
2014-06-300.480.45-0.03
2014-04-09
2014-03-310.390.410.02
2014-01-22
2013-12-310.420.41-0.01
2013-10-09
2013-09-300.360.360
2013-07-11
2013-06-300.410.39-0.02
2013-04-10
2013-03-310.450.42-0.03
2013-01-18
2012-12-310.340.340
2012-10-12
2012-09-300.260.270.01
2012-07-12
2012-06-300.270.2-0.0725 
2012-04-11
2012-03-310.390.34-0.0512 
2012-01-19
2011-12-310.350.390.0411 
2011-10-12
2011-09-300.280.290.01
2011-07-14
2011-06-300.390.35-0.0410 
2011-04-14
2011-03-310.430.450.02
2011-01-20
2010-12-310.360.370.01
2010-10-14
2010-09-300.370.370
2010-07-14
2010-06-300.360.360
2010-04-14
2010-03-310.370.410.0410 
2010-01-20
2009-12-310.370.410.0410 
2009-10-14
2009-09-300.330.360.03
2009-07-10
2009-06-300.360.360
2009-04-15
2009-03-310.420.420
2009-01-21
2008-12-310.350.3-0.0514 
2008-10-10
2008-09-300.330.31-0.02
2008-07-10
2008-06-300.370.36-0.01
2008-04-09
2008-03-310.290.320.0310 
2008-01-16
2007-12-310.330.31-0.02
2007-10-10
2007-09-300.370.370
2007-07-12
2007-06-300.450.39-0.0613 
2007-04-11
2007-03-310.460.470.01
2007-01-17
2006-12-310.50.520.02
2006-10-11
2006-09-300.50.530.03
2006-07-13
2006-06-300.520.530.01
2006-04-12
2006-03-310.490.550.0612 
2006-01-18
2005-12-310.390.390
2005-10-12
2005-09-300.40.39-0.01
2005-07-14
2005-06-300.490.50.01
2005-04-14
2005-03-310.470.50.03
2005-01-20
2004-12-310.420.50.0819 
2004-10-13
2004-09-300.420.430.01
2004-07-14
2004-06-300.440.440
2004-04-14
2004-03-310.440.480.04
2004-01-21
2003-12-310.380.410.03
2003-10-22
2003-09-300.340.370.03
2003-07-16
2003-06-300.310.310
2003-04-16
2003-03-310.270.330.0622 
2003-01-22
2002-12-310.210.2-0.01
2002-10-16
2002-09-300.210.220.01
2002-07-17
2002-06-300.20.18-0.0210 
2002-04-17
2002-03-310.20.210.01
2002-01-23
2001-12-310.150.160.01
2001-10-17
2001-09-300.130.170.0430 
2001-07-18
2001-06-300.10.120.0220 
2001-04-18
2001-03-310.060.10.0466 
2001-01-24
2000-12-310.040.060.0250 
2000-11-15
2000-09-300.030.040.0133 
2000-07-20
2000-06-300.020.01-0.0150 
2000-04-18
2000-03-310.01-0.04-0.05500 
2000-01-27
1999-12-310.020.01-0.0150 
1999-10-19
1999-09-300.060.070.0116 
1999-07-20
1999-06-300.130.130
1999-04-19
1999-03-310.120.120
1999-01-25
1998-12-310.130.12-0.01
1998-10-15
1998-09-300.110.150.0436 
1998-07-21
1998-06-300.110.120.01
1998-04-16
1998-03-310.10.110.0110 
1998-01-27
1997-12-310.10.09-0.0110 
1997-10-14
1997-09-300.10.10
1997-07-16
1997-06-300.10.09-0.0110 
1997-04-16
1997-03-310.090.090
1997-01-21
1996-12-310.090.10.0111 

About Progressive Corp Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Progressive Corp earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Progressive Corp estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Progressive Corp fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2022
Accumulated Retained Earnings Deficit9.6 B7.7 B
Earning Before Interest and Taxes EBIT3.8 B3.1 B
Earnings per Basic Share 5.69  6.14 
Earnings per Diluted Share 5.66  6.11 
Price to Earnings Ratio 15.59  16.61 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA4.1 B3.4 B
Earnings before Tax3.6 BB
The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio. Progressive Corp operates under InsuranceProperty Casualty classification in the United States and is traded on New York Stock Exchange. It employs 49077 people.

Progressive Corp Investors Sentiment

The influence of Progressive Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Progressive. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Progressive Corp's public news can be used to forecast risks associated with investment in Progressive. The trend in average sentiment can be used to explain how an investor holding Progressive can time the market purely based on public headlines and social activities around Progressive Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Progressive Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Progressive Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Progressive Corp's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Progressive Corp.

Progressive Corp Implied Volatility

    
  15.0  
Progressive Corp's implied volatility exposes the market's sentiment of Progressive Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Progressive Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Progressive Corp stock will not fluctuate a lot when Progressive Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Progressive Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Progressive Corp's short interest history, or implied volatility extrapolated from Progressive Corp options trading.

Currently Active Assets on Macroaxis

Please check Your Equity Center. Note that the Progressive Corp information on this page should be used as a complementary analysis to other Progressive Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Complementary Tools for Progressive Stock analysis

When running Progressive Corp price analysis, check to measure Progressive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progressive Corp is operating at the current time. Most of Progressive Corp's value examination focuses on studying past and present price action to predict the probability of Progressive Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Progressive Corp's price. Additionally, you may evaluate how the addition of Progressive Corp to your portfolios can decrease your overall portfolio volatility.
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Go
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Bond Directory
Find actively traded corporate debentures issued by US companies
Go
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Go
Is Progressive Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Progressive Corp. If investors know Progressive will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Progressive Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.79
Market Capitalization
70.7 B
Quarterly Revenue Growth YOY
-0.032
Return On Assets
0.0135
Return On Equity
0.0496
The market value of Progressive Corp is measured differently than its book value, which is the value of Progressive that is recorded on the company's balance sheet. Investors also form their own opinion of Progressive Corp's value that differs from its market value or its book value, called intrinsic value, which is Progressive Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Progressive Corp's market value can be influenced by many factors that don't directly affect Progressive Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Progressive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Progressive Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Progressive Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.