Progressive (PGR) upgraded to Buy with strong earnings estimates, expected to perform well.

From Nasdaq: 2024-12-25 12:00:12

Progressive (PGR) has been upgraded to a Zacks Rank #2 (Buy) due to a positive trend in earnings estimates, impacting stock prices. Investors can benefit from tracking changes in earnings estimates, as they correlate strongly with stock movements influenced by institutional investors. The Zacks Rank system has a successful track record for predicting stock performance and offers valuable insights. With an expected year-over-year earnings increase of 119.3% for 2024, Progressive is attracting attention from analysts. The Zacks Consensus Estimate has risen by 3% in the past three months, indicating growing confidence in the company’s future performance. The Zacks rating system provides unbiased ratings based on earnings estimate revisions, positioning Progressive in the top 20% of stocks for potential growth. Looking ahead to 2025, Zacks is preparing to release its top 10 stock picks, with a history of outperforming the S&P 500. Investors can anticipate strong returns from these carefully selected stocks. For more information on Zacks’ stock picks and the latest recommendations, investors can access free reports and stock analysis from Zacks Investment Research.



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