Progressive Likely To Report Higher Q1 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Benzinga04-10 20:56

The Progressive Corporation (NYSE:PGR) will release earnings for its first quarter before the opening bell on Wednesday, April 15.

Analysts expect the Mayfield, Ohio-based company to report quarterly earnings of $4.85 per share, up from $4.65 per share in the year-ago period. The consensus estimate for Progressive's quarterly revenue is $23.2 billion (it reported $22.21 billion last year), according to Benzinga Pro.

On March 23, Progressive priced $1.5 billion senior notes offering, with $500 million at 4.60% due 2031 and $1 billion at 5.15% due 2036.

Progressive shares gained 0.9% to close at $199.88 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

  • Wells Fargo analyst Elyse Greenspan maintained the stock with an Equal-Weight rating and cut the price target from $217 to $215 on April 9, 2026. This analyst has an accuracy rate of 68%.
  • Keefe, Bruyette & Woods analyst Meyer Shields maintained the stock with a Market Perform rating and slashed the price target from $227 to $210 on April 7, 2026. This analyst has an accuracy rate of 72%.
  • B of A Securities analyst Joshua Shanker maintained a Buy rating and cut the price target from $305 to $295 on March 25, 2026. This analyst has an accuracy rate of 64%.
  • UBS analyst Brian Meredith maintained a Neutral rating and raised the price target from $218 to $220 on March 23, 2026. This analyst has an accuracy rate of 67%.
  • Mizuho analyst Yaron Kinar maintained a Neutral rating and lowered the price target from $235 to $223 on March 20, 2026. This analyst has an accuracy rate of 59%.

Considering buying PGR stock? Here’s what analysts think:

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