Progressive Expected to Earn $1.31 a Share
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.
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S&P 500 Financial results expected Wednesday:
Bank of America Corp. (BAC) - Get Report : EPS -- 54 cents Sales -- $22.6 billion, before the market opens (BMO)
Bank of New York Mellon Corp. (BK) - Get Report : EPS -- $0.99 Sales -- $3.9 billion BMO
U.S. Bancorp (USB) - Get Report : EPS -- $1.11 Sales -- $5.8 billion BMO
Comerica Inc. (CMA) - Get Report : EPS -- $1.90 Sales -- $832.4 million BMO
Abbott Laboratories (ABT) - Get Report : EPS -- 84 cents Sales -- $8.1 billion BMO
PNC Financial Services Group, Inc. (PNC) - Get Report : EPS -- $2.80 Sales -- $4.4 billion BMO
United Rentals, Inc. (URI) - Get Report : EPS -- $5.56 Sales -- $2.5 billion, after the market closes (AMC)
International Business Machines (IBM) - Get Report : EPS -- $2.66 Sales -- $18.2 billion AMC
Netflix, Inc. (NFLX) - Get Report : EPS -- $1.03 Sales -- $5.2 billion AMC
CSX Corp. (CSX) - Get Report : EPS -- $1.01 Sales -- $3 billion AMC
SL Green Realty Corp. (SLG) - Get Report : EPS -- 34 cents Sales -- $243 million AMC
Kinder Morgan Inc Class P (KMI) - Get Report : EPS -- 24 cents Sales -- $3.5 billion AMC
Crown Castle International Corp. (CCI) - Get Report : EPS -- 49 cents Sales -- $1.5 billion AMC
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