Stock Track | PROG Holdings Plunges 8.64% Pre-Market on Disappointing Q1 Earnings Guidance

Stock Track

02-19

PROG Holdings, Inc. (PRG) shares plummeted 8.64% in pre-market trading on Wednesday after the company provided guidance for its first-quarter adjusted earnings per share (EPS) that fell short of analyst expectations.

The company expects its Q1 adjusted EPS to be in the range of $0.80 to $0.85, significantly lower than the FactSet consensus estimate of $0.99. This disappointing guidance indicates that PROG Holdings' Q1 earnings may not meet the market's expectations, prompting investors to sell off the stock.

The pre-market sell-off in PROG Holdings' shares reflects the market's reaction to the company's weaker-than-expected Q1 earnings outlook. Investors will be closely monitoring the company's actual Q1 results and any updates to its full-year guidance when they are released.

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(PRG) shares plummeted 8.64% in pre-market trading on Wednesday after the company provided guidance for its first-quarter adjusted earnings per share (EPS) that fell short of analyst expectations.</p>\n\n<p>The company expects its Q1 adjusted EPS to be in the range of $0.80 to $0.85, significantly lower than the FactSet consensus estimate of $0.99. This disappointing guidance indicates that PROG Holdings' Q1 earnings may not meet the market's expectations, prompting investors to sell off the stock.</p>\n\n<p>The pre-market sell-off in PROG Holdings' shares reflects the market's reaction to the company's weaker-than-expected Q1 earnings outlook. 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