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PROG Holdings (PRG)
NYSE:PRG
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.81Last Year’s EPS
0.92Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: 9.86%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative elements. The company reported strong revenue growth, exceeded earnings expectations, and showed growth in its BNPL platform. However, challenges such as a decline in GMV, the impact of a major retail partner's bankruptcy, and a challenging macro environment indicate significant headwinds.Company Guidance
During the PROG Holdings First Quarter 2025 Earnings Conference Call, the company provided guidance indicating a revised full-year revenue outlook in the range of $2.425 to $2.5 billion, adjusted EBITDA between $245 to $265 million, and non-GAAP EPS from $2.90 to $3.30. Despite macroeconomic challenges, the first quarter saw consolidated revenue increase by 6.6% year-over-year to $684.1 million, driven by a larger lease portfolio and higher ninety-day purchase activity. Adjusted EBITDA was reported at $70.3 million, with non-GAAP EPS at $0.90, both exceeding expectations. The lease portfolio balance was up 6.1% year-over-year as of December 31, 2024, reflecting a healthy performance with write-offs at 7.4%, within the targeted 6% to 8% annual range. The company highlighted strong growth at Four Technologies, its BNPL platform, which achieved its first quarter of positive adjusted EBITDA, and emphasized continued strategic investments in marketing and technology to support long-term growth.Strong Revenue Growth
Consolidated revenue for Q1 2025 was $684.1 million, representing a 6.6% increase year over year.
Exceeded Earnings Expectations
Adjusted EBITDA was $70.3 million, and non-GAAP EPS was $0.90, both exceeding the high end of the company's outlook.
Growth in BNPL Platform
Four Technologies reported triple-digit GMV growth for the sixth consecutive quarter and achieved its first quarter of positive adjusted EBITDA.
Healthy Lease Portfolio
Lease portfolio balance was up 6.1% year over year, and Q1 write-offs were at 7.4%, within the company's targeted annual range of 6% to 8%.
Increase in Active Door Count
The active door count expanded by nearly 5% year over year, excluding the impact of Big Lots.
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
PRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2025 | $26.48 | $24.62 | -7.02% |
Feb 19, 2025 | $42.30 | $30.30 | -28.37% |
Oct 23, 2024 | $46.42 | $41.97 | -9.59% |
Jul 24, 2024 | $34.14 | $41.65 | +22.00% |
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.
FAQ
When does PROG Holdings (PRG) report earnings?
PROG Holdings (PRG) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is PROG Holdings (PRG) earnings time?
PROG Holdings (PRG) earnings time is at Jul 23, 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 2025 (Q2) is 0.81.