Progressive (PGR) Stock Tanks After Q3 Miss – Buy-the-Dip or Further Pain?
With these headwinds, short-term outlook is murky. Some market watchers advise caution: TS2.tech reports that “drums of worry are banging louder each day,” urging investors to hedge (e.g. gold or diversified bets) amid fading liquidity and trade risks ts2.tech. Q3 Earnings – In Line on Revenues, Miss on EPS Progressive’s official earnings release shows Q3 net premiums written climbed ~10% year-over-year to $21.38B, and net income of $2.615B (EPS $4.45), up 12% globenewswire.com. On the surface, premium growth and policy count are healthy: agency auto and direct auto policies are each up ~15% from last year. However, EPS lagged estimates