How reliable are PGR's earnings forecasts historically?

**Progressive's earnings forecasts have shown a generally reliable trend historically**, as evidenced by the following points: 1. **Consistent Performance**: Progressive has surpassed Wall Street's bottom-line estimates in three of the past four quarters, missing only on one occasion. This consistent performance indicates a strong financial management and operational efficiency. 2. **Earnings Growth**: The company's earnings are expected to grow significantly, with an estimated year-over-year increase of 355.4% in the upcoming quarter. This growth trajectory suggests a strong business model and market positioning. 3. **Revenue Outperformance**: Progressive has also exceeded revenue expectations, with estimates for the upcoming quarter at $18.44 billion. The company has a history of surpassing revenue estimates, which is a positive indicator for future earnings. 4. **Analyst Confidence**: Analysts have a cautiously optimistic outlook on Progressive, with a "Moderate Buy" rating and an average analyst price target suggesting potential upside from the current price. This confidence in the company's future performance is supported by its strong financial performance and consistent earnings beat. 5. **Estimate Revisions Trend**: The consensus EPS estimate for the quarter has been revised 7.35% higher over the last 30 days. This upward revision reflects analysts' reassessment of initial estimates and indicates a positive sentiment towards Progressive's earnings outlook. In conclusion, Progressive's historical earnings forecasts demonstrate a reliable trend, with consistent performance, significant earnings growth, and analyst confidence. These factors contribute to a positive earnings outlook for the company.