Progressive Corp. logo

PGR

Progressive Corp.

$210.75

Earnings Summary

Revenue
$17236.8Mn
Net Profits
$2331.4Mn
Net Profit Margins
13.53%
PE Ratio
21.55

Highlights

Revenue:

Progressive Corp.’s revenue jumped 20.56% since last year same period to $17236.8Mn in the Q1 2024. On a quarterly growth basis, Progressive Corp. has generated 2.09% jump in its revenue since last 3-months.

Net Profits:

Progressive Corp.’s net profit jumped 420.52% since last year same period to $2331.4Mn in the Q1 2024. On a quarterly growth basis, Progressive Corp. has generated 17.29% jump in its net profits since last 3-months.

Net Profit Margins:

Progressive Corp.’s net profit margin jumped 331.76% since last year same period to 13.53% in the Q1 2024. On a quarterly growth basis, Progressive Corp. has generated 14.88% jump in its net profit margins since last 3-months.

PE Ratio:

Progressive Corp.’s price-to-earnings ratio after this Q1 2024 earnings stands at 21.55.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Progressive Corp. post its latest quarter earnings

EPS Estimate Current Quarter
2.17
EPS Estimate Current Year
2.17

Highlights

EPS Estimate Current Quarter:

Progressive Corp.’s earning per share (EPS) estimates for the current quarter stand at 2.17 - a -32.4% fall from last quarter’s estimates.

EPS Estimate Current Year:

Progressive Corp.’s earning per share (EPS) estimates for the current year stand at 2.17.

Key Ratios

Key ratios of the Progressive Corp. post its Q1 2024 earnings

Earning Per Share (EPS)
3.75
Return on Assets (ROA)
0.05
Return on Equity (ROE)
0.3
Dividend Per Share (DPS)
0.85

Highlights

Earning Per Share (EPS):

Progressive Corp.’s earning per share (EPS) jumped 495.24% since last year same period to 3.75 in the Q1 2024. This indicates that the Progressive Corp. has generated 495.24% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Progressive Corp.’s return on assets (ROA) stands at 0.05.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Progressive Corp.’s return on equity (ROE) stands at 0.3.

Dividend Per Share (DPS):

Progressive Corp. declared 0.85 dividend per share during the earnings announcement for Q1 2024.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2024-05-06
3.21
3.75
16.82%