PROG Holdings, Inc.

NYSE:PRG Stock Report

Market Cap: US$1.5b

PROG Holdings Future Growth

Future criteria checks 1/6

PROG Holdings is forecast to grow earnings and revenue by 13.1% and 8.4% per annum respectively while EPS is expected to grow by 13.7% per annum.

Key information

13.1%

Earnings growth rate

13.70%

EPS growth rate

Consumer Finance earnings growth19.2%
Revenue growth rate8.4%
Future return on equityn/a
Analyst coverage

Good

Last updated30 Apr 2026

Recent future growth updates

Recent updates

Seeking Alpha • May 15

PROG Holdings: Return To Growth

Summary PROG Holdings, Inc. is undervalued, returning to sustainable GMV and revenue growth through 2028, driven by the Purchasing Power acquisition and BNPL segment expansion. Management projects ~$614 million in free cash flow by 2028, enabling significant share repurchases and supporting a stable dividend policy. Purchasing Power is expected to comprise ~22.9% of PRG's revenue mix by 2028 and contribute ~$98 million in free cash flow. At a projected 12-15x P/E, PRG could reach a $55-$69 stock price by 2028, offering a potential total return of 56-95%. Read the full article on Seeking Alpha
Narrative Update • May 15

PRG: Higher 2026 Guidance And Dividend Growth Will Support Future Upside

Analysts have adjusted their price target on PROG Holdings to $57, up from $55. This reflects updated assumptions around discount rates, revenue growth, profit margins, and a future P/E of 11.18x.
Narrative Update • May 01

PRG: Dividend Hike And Repurchase Progress Will Support Bullish Earnings Outlook

Analysts now estimate the fair value for PROG Holdings at about $43.29, down approximately $0.43 from the prior figure of $43.71, reflecting updated views on revenue growth, profit margins, and an adjusted future P/E assumption. What's in the News PROG Holdings updated full year 2026 guidance for total revenues from continuing operations to a range of US$2.95b to US$3.07b, compared with the prior range of US$3.02b to US$3.14b, reflecting the application of revenue recognition standard ASC 606 to Purchasing Power’s Travel and Service product categories (company guidance).
Narrative Update • Apr 16

PRG: Dividend Increases And Capital Returns Will Support Future Upside

Analysts have nudged their price target on PROG Holdings to $55.00, reflecting slightly adjusted assumptions for revenue growth, profit margin, discount rate, and future P/E that collectively support a marginally higher valuation. What's in the News Updated full year 2026 guidance now points to total revenues from continuing operations of US$2.95b to US$3.07b, compared with the prior range of US$3.02b to US$3.14b.
Narrative Update • Apr 01

PRG: Higher Profitability Assumptions And Dividend Growth Will Support Future Upside

Analysts have lifted their price target for PROG Holdings from $50.00 to about $54.79, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News PROG Holdings updated its full year 2026 revenue guidance to a range of US$2.95b to US$3.07b, compared with the prior range of US$3.02b to US$3.14b, reflecting revised expectations following the acquisition of Purchasing Power in January 2026 (corporate guidance).
Narrative Update • Mar 18

PRG: Higher Fair Value And Dividend Will Support Constructive Earnings Outlook

Analysts now place PROG Holdings' fair value at $35.00, up from $31.00. This reflects updated views on discount rates, revenue growth assumptions and future P/E expectations.
Narrative Update • Mar 04

PRG: Dividend Increase And Guidance Will Support Bullish Earnings Outlook

Analysts have raised their price target on PROG Holdings from about $41 to roughly $44, citing updated assumptions that indicate higher revenue growth, slightly stronger profit margins, and a lower future P/E multiple. What's in the News The Board of Directors declared a quarterly cash dividend of $0.14 per share, payable on March 24, 2026 to shareholders of record on March 12, 2026, compared with the prior quarterly dividend of $0.13 per share (Key Developments).
Narrative Update • Feb 17

PRG: Analyst Day Outlook And Margin Assumptions Will Support Measured Earnings View

Analysts have kept their price target for PROG Holdings steady at $31.00. They cite updated assumptions around a slightly lower discount rate, revised revenue growth expectations, modestly higher profit margin forecasts, and a small adjustment to the future P/E multiple as the key drivers behind the unchanged valuation.
Narrative Update • Feb 03

PRG: Analyst Day Outlook Will Support Bullish View On Future Earnings

Analysts have raised their price target on PROG Holdings to $41.00 from $41.00, citing updated assumptions around revenue growth, discount rate and future P/E that slightly reshape their view of the stock's risk and earnings profile. What's in the News PROG Holdings scheduled an Analyst and Investor Day to provide an in-depth overview of its vision for the business.
Narrative Update • Jan 20

PRG: Higher Margin Outlook Will Support Bullish View On Future Earnings

Analysts have adjusted their price target on PROG Holdings to $41.00 from $38.57, linking this change to updated assumptions for revenue growth, profit margins, discount rate, and future P/E multiples. What's in the News PROG Holdings plans an Analyst and Investor Day to provide an overview of its vision, key growth drivers, capital allocation priorities, and longer term financial objectives (Key Developments).
Narrative Update • Jan 06

PRG: Higher Profit Outlook And Buybacks Will Support Future Upside

Analysts now place PROG Holdings' fair value at US$50.00 per share, up from US$45.00, reflecting updated assumptions around the discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News PROG Holdings plans an Analyst and Investor Day to share its longer term vision, key growth drivers, capital allocation priorities, and financial objectives (company event filing).
Narrative Update • Dec 15

PRG: Higher Profit Margins And Buybacks Will Support Measured Earnings Outlook

Analysts have raised their price target on PROG Holdings to approximately $31 per share from about $27, reflecting improved expectations for future profitability and valuation multiples, despite slightly higher discount-rate assumptions. What's in the News PROG Holdings will host an Analyst and Investor Day to outline its strategic vision, key growth drivers, capital allocation priorities, and long term financial objectives (Key Developments).
Analysis Article • May 01

PROG Holdings, Inc.'s (NYSE:PRG) CEO Compensation Is Looking A Bit Stretched At The Moment

Key Insights PROG Holdings' Annual General Meeting to take place on 7th of May Total pay for CEO Steve Michaels...
Analysis Article • Mar 02

PROG Holdings' (NYSE:PRG) Upcoming Dividend Will Be Larger Than Last Year's

PROG Holdings, Inc. ( NYSE:PRG ) has announced that it will be increasing its periodic dividend on the 25th of March to...
Analysis Article • Feb 28

Earnings Working Against PROG Holdings, Inc.'s (NYSE:PRG) Share Price Following 34% Dive

Unfortunately for some shareholders, the PROG Holdings, Inc. ( NYSE:PRG ) share price has dived 34% in the last thirty...
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New Narrative • Sep 24

Innovative E-Commerce Integrations And AI Propel Revenue And Net Margin Growth

Enhanced credit quality applicants and strategic investments in technology are poised to significantly impact future revenue growth and net margins.
Analysis Article • Aug 10

Even With A 26% Surge, Cautious Investors Are Not Rewarding PROG Holdings, Inc.'s (NYSE:PRG) Performance Completely

PROG Holdings, Inc. ( NYSE:PRG ) shareholders would be excited to see that the share price has had a great month...

Earnings and Revenue Growth Forecasts

NYSE:PRG - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20283,5052201912062
12/31/20273,2891941671818
12/31/20263,0451581962088
3/31/20262,483126286297N/A
12/31/20252,409124325335N/A
9/30/20252,427164296305N/A
6/30/20252,438215219227N/A
3/31/20252,426210205213N/A
12/31/20242,399197130139N/A
9/30/20242,418158126135N/A
6/30/20242,394109181190N/A
3/31/20242,395113173183N/A
12/31/20232,339134195204N/A
9/30/20232,443156243252N/A
6/30/20232,486137284292N/A
3/31/20232,543120293302N/A
12/31/20222,59899233242N/A
9/30/20222,632100224234N/A
6/30/20222,657142153163N/A
3/31/20222,667191167177N/A
12/31/20212,678244236246N/A
9/30/20212,637248179199N/A
6/30/20212,598265299334N/A
3/31/20212,537255353395N/A
12/31/20202,485234392456N/A
9/30/20201,09828441518N/A
6/30/20201,451-7355433N/A
3/31/20201,820-23287380N/A
12/31/20192,163-25N/A317N/A
9/30/20193,937200N/A344N/A
6/30/20193,926204N/A334N/A
3/31/20193,886200N/A325N/A
12/31/20182,036125N/A356N/A
9/30/20183,720312N/A342N/A
6/30/20183,606294N/A310N/A
3/31/20183,494291N/A252N/A
12/31/20173,384293N/A159N/A
9/30/20173,294137N/A186N/A
6/30/20173,224141N/A257N/A
3/31/20173,198143N/A376N/A
12/31/20163,208139N/A467N/A
9/30/20163,234139N/A415N/A
6/30/20163,233134N/A273N/A
3/31/20163,212136N/A137N/A
12/31/20153,180136N/A168N/A
9/30/20153,107136N/A173N/A
6/30/20153,038121N/A195N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRG's forecast earnings growth (13.1% per year) is above the savings rate (3.5%).

Earnings vs Market: PRG's earnings (13.1% per year) are forecast to grow slower than the US market (17% per year).

High Growth Earnings: PRG's earnings are forecast to grow, but not significantly.

Revenue vs Market: PRG's revenue (8.4% per year) is forecast to grow slower than the US market (11.8% per year).

High Growth Revenue: PRG's revenue (8.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if PRG's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/29 04:57
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PROG Holdings, Inc. is covered by 17 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alexander MarocciaBerenberg
Jason HaasBofA Global Research
Harold GoetschB. Riley Securities, Inc.