Stock Analysis
- United States
- /
- Consumer Finance
- /
- NYSE:PRG
PROG Holdings First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
PROG Holdings (NYSE:PRG) First Quarter 2024 Results
Key Financial Results
- Revenue: US$641.9m (down 2.0% from 1Q 2023).
- Net income: US$22.0m (down 54% from 1Q 2023).
- Profit margin: 3.4% (down from 7.3% in 1Q 2023).
- EPS: US$0.50 (down from US$1.00 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PROG Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 19%.
Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in the US.
Performance of the American Consumer Finance industry.
The company's shares are up 16% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for PROG Holdings that you should be aware of before investing here.
Valuation is complex, but we're helping make it simple.
Find out whether PROG Holdings is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:PRG
PROG Holdings
PROG Holdings, Inc., a financial technology holding company, provides payment options to consumers.
Mediocre balance sheet second-rate dividend payer.