Overview
PROG Holdings Q3 revenue of $595.1 mln beats analyst expectations
Adjusted EPS for Q3 at $0.90, surpassing analyst estimates
Company highlights significant GMV growth in Four Technologies platform
Outlook
PROG Holdings revises 2025 total revenue outlook to $2.41 bln-$2.435 bln, down from $2.45 bln-$2.5 bln
Company expects 2025 adjusted EBITDA between $258 mln and $265 mln
PROG Holdings projects 2025 non-GAAP EPS from continuing operations of $3.35-$3.45
Result Drivers
PROGRESSIVE LEASING - Segment faced modest revenue headwinds, with GMV down 10% YoY
FOUR TECHNOLOGIES GROWTH - Achieved 162.8% GMV growth, third consecutive quarter of positive adjusted EBITDA
VIVE FINANCIAL SALE - Sale of Vive portfolio to improve capital efficiency and financial flexibility
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $595.1 mln | $586.1 mln (7 Analysts) |
Q3 Adjusted EPS | Beat | $0.90 | $0.73 (7 Analysts) |
Q3 EPS | $0.82 | ||
Q3 Net Earnings | $33.10 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the financial technology (fintech) peer group is "buy"
Wall Street's median 12-month price target for PROG Holdings Inc is $40.00, about 18.2% above its October 21 closing price of $32.72
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nBw64pSZ2a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)