Progressive (NYSE:PGR) reported its Q1 earnings results on Thursday, April 14, 2022 at 08:25 AM.
Here’s what investors need to know about the announcement.
Earnings
Progressive missed estimated earnings by 10.48%, reporting an EPS of $1.11 versus an estimate of $1.24.
Revenue was up $1.38 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 0.01% increase in the share price the next day.
Here’s a look at Progressive’s past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1 | 0.21 | 1.08 | 1.40 |
| EPS Actual | 1.05 | 0.14 | 0.72 | 1.73 |
| Revenue Estimate | 10.77B | 12.32B | 11.52B | 11.23B |
| Revenue Actual | 11.60B | 11.37B | 10.98B | 10.42B |
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.
