Progressive (PGR) Stock Drops Despite Market Gains: Important Facts to Note

Company Performance - Progressive's stock closed at $243.68, reflecting a -0.76% change from the previous session, underperforming the S&P 500's daily gain of 1% [1] - Over the past month, Progressive's stock has increased by 2.43%, outperforming the Finance sector's loss of 0.44% and the S&P 500's loss of 2.14% [1] Upcoming Earnings - Analysts expect Progressive to report earnings of$ 3.44 per share, indicating a year-over-year growth of 16.22% [2] - The consensus estimate for revenue is projected at $19.81 billion, representing a 19.44% increase from the same quarter last year [2] Analyst Estimates - Recent changes to analyst estimates for Progressive reflect positive sentiment regarding the company's business and profitability [3] - The Zacks Consensus EPS estimate has increased by 1.2% in the past month [5] Valuation Metrics - Progressive has a Forward P/E ratio of 17.52, which is higher than the industry average Forward P/E of 11.68 [5] - The company has a PEG ratio of 0.64, compared to the industry average PEG ratio of 1.44 [6] Industry Context - The Insurance - Property and Casualty industry is part of the Finance sector and holds a Zacks Industry Rank of 34, placing it in the top 14% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]