Progressive Climbs as S&P 500 and Nasdaq Fall
Progressive rose 2.27% in the latest session, while the S&P 500 and Nasdaq declined and analysts’ earnings estimates pointed higher.
Key takeaways
- Progressive closed at $218.98, up 2.27%.
- Zacks’ consensus forecast calls for quarterly earnings of $4.37 per share.
Progressive closed at $218.98, up 2.27% in the latest trading session. The S&P 500 fell 0.47% and the Nasdaq dropped 1.25%, while the Dow gained 0.1%.
Zacks reported that Progressive shares lost 0.64% over the past month. That was a smaller decline than the Finance sector’s 5.13% drop, but the stock trailed the S&P 500’s 1.15% gain.
For the insurer’s upcoming earnings release, Zacks’ consensus estimate projects earnings of $4.37 per share and revenue of $23.41 billion. For the full year, its estimates call for earnings of $18.03 per share and revenue of $92.39 billion.
This article was produced with the help of AI technology. Source: Yahoo Finance
