Should you consider PROGRESSIVE CORP (NYSE:PGR) for growth investing?

In this article we will dive into PROGRESSIVE CORP (NYSE:PGR) as a possible candidate for growth investing. Investors should always do their own research, but we noticed PROGRESSIVE CORP showing up in our Louis Navellier growth screen, which makes it worth to investigate a bit more.

Some of the growth metrics of NYSE:PGR highlighted

• With a favorable Return on Equity (ROE) of 29.4%, PROGRESSIVE CORP demonstrates its ability to deliver attractive returns for shareholders. This metric highlights the company's effective management of assets and its profitability.
• With a track record of beating EPS estimates in the last 4 quarters, PROGRESSIVE CORP showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.
• With notable 1-year revenue growth of 21.33%, PROGRESSIVE CORP exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for future growth.
• PROGRESSIVE CORP has demonstrated strong quarter-to-quarter (Q2Q) revenue growth of 21.64%, reflecting its ability to generate consistent increases in sales. This growth highlights the company's effective market positioning and its potential for continued success.
• The operating margin of PROGRESSIVE CORP has seen steady growth over the past year, signaling improved profitability. This trend indicates the company's effective cost management and its ability to generate higher returns.
• With a favorable trend in its free cash flow (FCF) over the past year, PROGRESSIVE CORP demonstrates its ability to generate robust cash flows and maintain financial stability. This growth reflects the company's focus on efficient capital allocation and cash management.
• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), PROGRESSIVE CORP highlights its ability to generate increasing profitability, showcasing a 563.0% growth.
• Analysts' average next Quarter EPS Estimate for PROGRESSIVE CORP has witnessed a 14.37% change in the last 3 months, underscoring the dynamic nature of market sentiment towards the company's EPS prospects.
• In the most recent financial report, PROGRESSIVE CORP reported a 563.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• PROGRESSIVE CORP shows accelerating EPS growth: when comparing the current Q2Q growth of 563.0% to the previous year Q2Q growth of -62.62%, we see the growth rate improving.

Fundamental Analysis Observations

ChartMill assigns a Fundamental Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple fundamental indicators and properties.

PGR gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 141 industry peers in the Insurance industry. PGR has a medium profitability rating, but doesn't score so well on its financial health evaluation. PGR is not overvalued while it is showing excellent growth. This is an interesting combination.

Check the latest full fundamental report of PGR for a complete fundamental analysis.

Our Lois Navellier screen will find you more ideas suited for growth investing.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.