Positive: Progressive Corporation is expected to report strong Q1 earnings with revenue and earnings growth.

From Zacks Investment Research: 2025-04-11 15:32:00

Progressive Corporation (PGR) is expected to report improved top and bottom line results for first-quarter 2025 on April 16. The Zacks Consensus Estimate for revenues is $20.4 billion, a 19.3% growth, with earnings estimated at $4.60 per share, a 23.3% increase from last year. Progressive’s earnings have consistently beat estimates, with an average surprise of 18.49%. Factors likely to shape Q1 results include increased revenues from premiums and net investment income. Despite higher expenses, Progressive’s solid underwriting is expected to improve the combined ratio. The stock’s outperformance in 2024 and positive growth prospects make it a strong buy.



Read more at Zacks Investment Research: Should You Add PGR Stock to Your Portfolio Ahead of Q1 Earnings? – April 11, 2025