PRG Stock Recent News

PROG Holdings (PRG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

PROG Holdings is focused on enhancing its bottom line through restructuring and leveraging AI and machine learning technology. The company's business model revolves around point-of-sale payment solutions and has a strong emphasis on customer experience. PROG's balance sheet is stable, with a significant amount of debt being used to finance lease agreements and acquisitions.

PROG Holdings (PRG) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.68 per share a year ago.

Here is how PROG Holdings (PRG) and Allianz SE (ALIZY) have performed compared to their sector so far this year.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, PROG Holdings (PRG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

After losing some value lately, a hammer chart pattern has been formed for PROG Holdings (PRG), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

The mean of analysts' price targets for PROG Holdings (PRG) points to a 27.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

PROG Holdings, Inc. (NYSE:PRG ) Q2 2023 Earnings Conference Call July 26, 2023 8:30 AM ET Company Participants John Baugh - VP, IR Steve Michaels - President & CEO Brian Garner - CFO Conference Call Participants Kyle Joseph - Jefferies Jason Haas - Bank of America Bradley Thomas - KeyBanc Capital Markets Anthony Chukumba - Loop Capital Bobby Griffin - Raymond James Operator Standing by, and welcome to the Prong Holdings Second Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-only mode.

PROG Holdings (PRG) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.52 per share a year ago.

Here is how PROG Holdings (PRG) and Redfin (RDFN) have performed compared to their sector so far this year.