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Prog Holdings, Inc. (PRG)
:PRG
Holding PRG?
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.77Last Year’s EPS
0.72Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 29, 2021
|% Change Since: -8.43%
|Next Earnings Date:Feb 25, 2021
Earnings Call Sentiment|Positive
The call highlighted significant GMV growth and strategic partnership expansions driving revenue and earnings. However, challenges such as partner bankruptcies, gross margin pressures, and increased delinquencies present ongoing concerns.Company Guidance
During PROG Holdings' third-quarter earnings call, the company reported strong performance metrics and provided positive forward guidance. The company achieved consolidated revenue of $606.1 million, marking a 4% increase compared to the same period last year, and consolidated adjusted EBITDA reached $63.5 million with a 10.5% margin. PROG Holdings' Progressive Leasing segment saw a GMV growth of 11.6%, contributing to a 3.8% year-over-year increase in gross leased assets. Despite a write-off rate of 7.7% in Q3, consistent with pre-pandemic levels, the company maintained its target write-off range of 6% to 8% for the year. Looking ahead, PROG Holdings anticipates continued GMV growth in the high single to low double digits for Q4. The full-year 2024 outlook has been updated, with expectations for revenues between $2.44 billion to $2.46 billion, adjusted EBITDA of $270 million to $275 million, and non-GAAP EPS in the range of $3.30 to $3.40.Strong GMV Growth
Progressive Leasing's Q3 GMV growth was 11.6% year-over-year, surpassing expectations and driven by strategic initiatives and tighter credit conditions in higher credit tiers.
Revenue and Earnings Growth
Consolidated revenue reached $606.1 million, marking a 4% growth compared to Q3 2023. Adjusted EBITDA was $63.5 million with a 10.5% margin.
Expansion of Retail Partnerships
Signed a long-term exclusive partnership with American Signature, Inc., enhancing regional market positioning and securing multiple exclusive contracts.
Progressive Marketplace Success
The PROG Marketplace platform experienced over 300% growth year-to-date, exceeding 2024 GMV targets.
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PRG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $46.85 | $42.35 | -9.61% |
| Jul 24, 2024 | $34.45 | $42.03 | +22.00% |
| Apr 24, 2024 | $32.49 | $35.36 | +8.83% |
| Feb 21, 2024 | $31.87 | $31.46 | -1.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Prog Holdings, Inc. (PRG) report earnings?
Prog Holdings, Inc. (PRG) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Prog Holdings, Inc. (PRG) earnings time?
Prog Holdings, Inc. (PRG) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRG EPS forecast?
PRG EPS forecast for the fiscal quarter 2024 (Q4) is 0.77.
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