Progressive Falls 1.8% to $206.80; Q1 Revenue Seen Rising 9.8%
Progressive stock dropped 1.8% to $206.80 after underperforming broader indexes, though it has outpaced the finance sector by rising 4.11% in the past month. Analysts project Q1 EPS of $4.69 (+0.86% YoY) on $22.65bn revenue (+9.84% YoY), and the board declared a $0.10/share dividend payable April 10.
1. Stock Performance and Trend
In the latest session Progressive shares fell 1.8% to $206.80 while the S&P 500 rose 0.83% and Nasdaq climbed 1.38%. Over the past month, shares have gained 4.11%, outperforming the finance sector’s 5.75% decline and the S&P’s 2.65% drop.
2. First-Quarter Earnings Estimates
Analysts forecast Q1 EPS of $4.69 per share, up 0.86% year-over-year, on revenue of $22.65 billion, a 9.84% increase from the year-ago period. Full-year consensus projects $16.37 EPS (-10.3%) and $92.19 billion revenue (+6.03%).
3. Dividend Declaration
The Board declared a $0.10 per share quarterly dividend, payable April 10, 2026, to shareholders of record on April 2, 2026. This marks a continuation of Progressive’s consistent shareholder payout policy.
4. Valuation and Analyst Outlook
Progressive trades at a forward P/E of 12.86 versus the industry average of 10.38 and holds a PEG ratio of 9.19 compared with 2.05 for peers. The Zacks Consensus EPS estimate climbed 0.89% in the last 30 days and the company carries a Zacks Rank of #3 (Hold).