Earnings Preview: Progressive

Progressive PGR is set to give its latest quarterly earnings report on Wednesday, 2023-01-25. Here's what investors need to know before the announcement.

Analysts estimate that Progressive will report an earnings per share (EPS) of $1.46.

Progressive bulls will hope to hear the company 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 EPS by $0.37, which was followed by a 5.33% drop in the share price the next day.

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