The Progressive Corporation reports results for the quarter ended September 30 - Earnings Summary

• The Progressive Corporation PGR.N reported quarterly adjusted earnings of $4.14​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $4.05. The mean expectation of twenty three analysts for the quarter was for earnings of $4.37 per share. Wall Street expected results to range from $3.47 to $4.72 per share.

• Revenue rose 4.3% to $22.30 billion from a year ago; analysts expected $22.47 billion.

• The Progressive Corporation's reported EPS for the quarter was $4.37​.

• The company reported quarterly net income of $2.54 billion.

• The Progressive Corporation shares had risen by 7.5% this quarter and lost 2.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 20.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 18 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is also "hold"

• Wall Street's median 12-month price target for The Progressive Corporation is $225.00, about 5.1% above its last closing price of $213.46

This summary was machine generated from LSEG data October 15 at 12:07 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)