Progressive Corp. (PGR - Get Report) is expected to report adjusted net income of $774.8 million, or $1.31 a share, on sales of $9.6 billion before the market opens on Wednesday, based on a FactSet survey of 18 analysts.
In the same period a year ago, the company posted earnings of $1.31 a share on sales of $8.6 billion. It reported net income of $704.2 million.
The stock has fallen 5.6% since the company last reported earnings on July 17.
Quarterly estimates have risen 1.1 cent a share in the past month.
In the upcoming quarter analysts are forecasting adjusted net income of $772 million, or $1.31 a share, on sales of $9 billion.
Progressive is currently trading at a price-to-forward-earnings ratio of 13.6 based on the 12-month estimates of 19 analysts surveyed by FactSet.
Introducing TheStreet Courses: Financial titans Jim Cramer and Robert Powell are bringing their market savvy and investing strategies to you. Learn how to create tax-efficient income, avoid top mistakes, reduce risk and more. With our courses, you will have the tools and knowledge needed to achieve your financial goals. Learn more about TheStreet Courses on investing and personal finance here.
S&P 500 Financial results expected Wednesday: