NYSE:PGRInsurance
A Look at Progressive's (PGR) Valuation After Beating Earnings and Book Value Estimates
Progressive (PGR) has delivered a quarter that’s turned heads across the insurance sector. The company not only beat Wall Street’s expectations for both earnings per share and book value per share, but also received recognition for growing earnings capacity and operational gains. Those improving numbers, along with notable upward revisions in earnings estimates and strong investor sentiment, are giving shareholders and prospective buyers plenty to consider this week.
The upbeat results come...