Progressive: Here’s What Investors Need to Know Before Earnings

Progressive (NYSE:PGR) will report earnings before markets open on Thursday, July 11th. The Progressive Corporation is an insurance holding company. The Company, through its subsidiaries, provide personal and commercial automobile insurance and other specialty property-casualty insurance and related services throughout the United States.

Here is your Cheat Sheet to Progressive Earnings:

Earnings Expectations: Analysts expect earnings of $0.40 per share on revenues of $4.41 billion. Currently, the company’s P/E ratio stands at 16.22.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.32 to a profit $0.34. For the current year, the average estimate is a profit of $1.56, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Progressive has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 12,840 14,564 14,963 15,508 17,084
Diluted EPS ($) -0.10 1.57 1.61 1.59 1.48

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013 Jun. 30, 2013
Revenue ($) in millions 4,061.20 4,118.80 4,794.70 4,282.30 4,437.20
Diluted EPS ($) 0.42 0.19 0.46 0.41 0.51

Past Performance:
Progressive has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)