PROG Holdings Guides 2026 Revenue 8% Above Estimates, EPS Forecast Beats by 17.5%
PROG Holdings reported Q4 non-GAAP EPS of $0.74, 24.37% above estimates, while revenue fell 7.8% year-on-year and missed forecasts. For 2026, it guided revenue 8% above consensus and adjusted earnings 17.5% above analyst targets, driving an 11.9% stock jump.
1. Q4 Earnings Beat
PROG Holdings reported fourth-quarter non-GAAP earnings per share of $0.74, a 24.37% beat over consensus estimates, while revenue declined 7.8% year-over-year and fell short of analysts’ projections.
2. Strong 2026 Financial Outlook
Management issued full-year 2026 revenue guidance at a midpoint 8% above consensus and raised adjusted earnings expectations by 17.5%, signaling confidence in improved growth and profitability in the year ahead.
3. Market Reaction and Stock Performance
Shares jumped 11.9% in the afternoon session, reaching a 52-week high of $40.49 and marking a 37.9% year-to-date gain, reflecting heightened investor optimism despite recent revenue pressure.