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Barchart
Barchart
Sohini Mondal

Here's What to Expect From Progressive's Next Earnings Report?

Progressive PGR Insurance

The Progressive Corporation (PGR), with a market cap of $121.7 billion, operates in the insurance industry, offering a diverse range of personal and commercial auto, residential property, and specialty insurance products. The company is expected to announce its fiscal Q2 earnings results on Thursday, July 11.

Ahead of the event, analysts are expecting PGR to report a profit of $2.04 per share, up 308% from $0.50 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters while missing on one other occasion. Better-than-expected strong demand for its personal and property insurance policies helped the company surpass the consensus EPS estimate by 16.6% in the most recent quarter.

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