Is NYSE:PGR suited 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.

What matters for growth investors.

• PROGRESSIVE CORP has a healthy Return on Equity(ROE) of 29.4%. This demonstrates the company's efficient utilization of capital and indicates its commitment to driving 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 impressive 1-year revenue growth of 21.33%, PROGRESSIVE CORP showcases its ability to generate increased sales and revenue. This growth highlights the company's strong customer demand and its effective business strategies.
• The q2q revenue growth of 21.64% of PROGRESSIVE CORP highlights the company's ability to generate incremental revenue and suggests positive market demand for its products or services.
• 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.
• The free cash flow (FCF) of PROGRESSIVE CORP has seen steady growth over the past year, indicating enhanced cash flow generation and financial health. This trend underscores the company's effective capital management and its ability to generate sustainable cash flows.
• The earnings per share (EPS) of PROGRESSIVE CORP have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 563.0% increase. This reflects the company's ability to improve its profitability over time.
• PROGRESSIVE CORP has seen a 45.25% change in the average next Quarter EPS Estimate by analysts over the last 3 months, signaling the shifting perception of the company's EPS outlook.
• The recent financial report of PROGRESSIVE CORP demonstrates a 563.0% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• accelerating EPS growth for PROGRESSIVE CORP: the current Q2Q growth of 563.0% exceeds the previous year Q2Q growth of -62.62%.

Fundamental Analysis Observations

ChartMill assigns a proprietary Fundamental Rating to each stock. The score is computed daily by evaluating various fundamental indicators and properties. The score ranges from 0 to 10.

Overall PGR gets a fundamental rating of 5 out of 10. We evaluated PGR against 141 industry peers in the Insurance industry. Both the profitability and the financial health of PGR get a neutral evaluation. Nothing too spectacular is happening here. PGR is not overvalued while it is showing excellent growth. This is an interesting combination.

Our latest full fundamental report of PGR contains the most current fundamental analsysis.

More ideas for growth investing can be found on ChartMill in our Lois Navellier screen.

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.