Can PGR sustain its earnings momentum into 2025?

**Progressive's strong earnings momentum carries into 2025**, supported by several key indicators:

1. **Expected Earnings Growth**: Analysts project Q1 2025 earnings of $4.50 per share, reflecting a 20.64% year-over-year growth. For the full year, the consensus estimates EPS of $15.34, indicating a 9.18% increase.
2. **Revenue Projection**: The forecast for Q1 2025 revenue is $20.38 billion, suggesting a 19.29% increase from the previous year. For the year, the estimated revenue is $87.27 billion, showing a 16.19% escalation.
3. **Historical Performance**: Progressive has consistently beaten EPS estimates 25% of the time and revenue estimates 25% of the time over the last two years. This track record supports the likelihood of sustained earnings momentum.
4. **Market Position and Product Strength**: Progressive's leadership in the insurance industry, particularly in the Vehicle and Property businesses, coupled with strong market presence and competitive product offerings, are expected to contribute to continued growth.
5. **Financial Ratios and Valuation**: The company's P/E ratio of 19.03, P/S ratio of 2.14, and Price to Book Ratio of 6.29 suggest that the stock is reasonably valued relative to its earnings and sales. This balanced valuation could support investor confidence and sustain earnings momentum.

|code|Ticker|Name|Date|P/E(TTM)|P/S|Price to Book Ratio|market_code|
|---|---|---|---|---|---|---|---|
|PGR|PGR.N|The Progressive|20240328|31.342928||6.123081680386388|169|
|PGR|PGR.N|The Progressive|20240401|21.428114||6.2157479876081725|169|
|PGR|PGR.N|The Progressive|20240402|21.436279||6.218116455524385|169|
|PGR|PGR.N|The Progressive|20240403|21.511805||6.240024783749344|169|
|PGR|PGR.N|The Progressive|20240404|21.355649||6.194727834851793|169|
|PGR|PGR.N|The Progressive|20240405|21.53528||6.246834129008452|169|
|PGR|PGR.N|The Progressive|20240408|21.473021||6.228774561147337|169|
|PGR|PGR.N|The Progressive|20240409|20.90351||6.0635739239915685|169|
|PGR|PGR.N|The Progressive|20240410|21.040275||6.1032457615881155|169|
|PGR|PGR.N|The Progressive|20240411|20.64325||5.98807900916232|169|

In conclusion, Progressive's strong earnings growth projections, historical track record of beating estimates, and solid market position all point to the company's ability to sustain its earnings momentum into 2025.