PROG Holdings Forecasts 6.3% Q4 Revenue Decline, $0.61 EPS
PROG Holdings will report Q4 revenue of $584.3 million, down 6.3% year on year, with analysts forecasting adjusted EPS of $0.61. The company has beaten revenue estimates in every quarter for two years by an average of 1.8%, following Q3’s $595.1 million result, which topped forecasts by 1.5% despite a 1.8% annual decline.
1. Q4 Earnings Expectations
PROG Holdings is scheduled to release its Q4 results Wednesday before the market opens, with consensus estimates projecting revenue of $584.3 million, reflecting a 6.3% year-on-year decline, and adjusted earnings of $0.61 per share.
2. Consistent Estimate Beats
Over the past two years, PROG has exceeded revenue forecasts in every quarter by an average of 1.8%, including a 1.5% upside in the prior quarter when it generated $595.1 million despite a 1.8% annual drop.
3. Sector and Peer Comparison
Within specialty finance, HA Sustainable Infrastructure Capital recorded 12.2% revenue growth and Capital Southwest 18.2%, while the segment’s average share price fell 6.1% last month; PROG’s stock rose 4.1% over the same period, trading at $33.37 against an average analyst target of $41.