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Barchart
Barchart
Neharika Jain

What to Expect From Progressive's Next Quarterly Earnings Report

PGR Insurance

Mayfield Village, Ohio-based, The Progressive Corporation (PGR) is an insurance holding company that provides personal and commercial auto, personal residential and commercial property, business-related general liability, and other specialty property-casualty insurance products and related services. Valued at a market cap of $140.4 billion, the company is expected to announce its fiscal Q4 earnings results on Wednesday, Jan. 22. 

Ahead of this event, analysts expect the insurance company to report a profit of $3.43 per share, up 15.9% from $2.96 per share in the year-ago quarter. The company has a solid track record of consistently beating Wall Street's bottom-line estimates in the last four quarters. In Q3, the company’s adjusted EPS of $3.58 outpaced the consensus estimates by a notable 5.3% and more than doubled from the year-ago quarter.

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