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.
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 $1.56, which is better than the estimate ninety days ago.
Here’s how Progressive has been performing on an annual basis:
|Revenue ($) 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|
Progressive has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)