---
title: "Progressive Analysts Cut Their Forecasts After Q4 Earnings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274166514.md"
description: "Progressive Corp (NYSE:PGR) reported Q4 earnings of $4.67 per share, exceeding the $4.41 estimate, and sales of $21.093 billion, surpassing the $20.101 billion estimate. Following the earnings announcement, analysts adjusted their price targets: BMO's Michael Zaremski lowered his target from $239 to $232, while Wells Fargo's Elyse Greenspan cut hers from $240 to $220. Progressive shares rose 0.1% to $212.76 in pre-market trading."
datetime: "2026-01-29T14:22:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274166514.md)
  - [en](https://longbridge.com/en/news/274166514.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274166514.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/274166514.md) | [繁體中文](https://longbridge.com/zh-HK/news/274166514.md)


# Progressive Analysts Cut Their Forecasts After Q4 Earnings

**Progressive Corp** (NYSE:PGR) reported better-than-expected fourth-quarter financial results on Wednesday.

Progressive reported quarterly earnings of $4.67 per share which beat the analyst consensus estimate of $4.41 per share. The company reported quarterly sales of $21.093 billion which beat the analyst consensus estimate of $20.101 billion.

Progressive shares rose 0.1% to $212.76 in pre-market trading.

These analysts made changes to their price targets on Progressive following earnings announcement.

-   BMO Capital analyst Michael Zaremski maintained Progressive with a Market Perform and lowered the price target from $239 to $232.
-   Wells Fargo analyst Elyse Greenspan maintained the stock with an Equal-Weight rating and cut the price target from $240 to $220.

**Considering buying PGR stock? Here’s what analysts think:**

Photo via Shutterstock

### Related Stocks

- [The Progressive Corporation (PGR.US)](https://longbridge.com/en/quote/PGR.US.md)

## Related News & Research

- [Sky Investment Group LLC Raises Stake in The Progressive Corporation $PGR](https://longbridge.com/en/news/280906681.md)
- [The Progressive Corporation Announces Quarterly Dividend of $0.10 (NYSE:PGR)](https://longbridge.com/en/news/281176639.md)
- [Progressive Issues $1.5 Billion in New Senior Notes](https://longbridge.com/en/news/280640599.md)
- [Progressive's Outlook Debated as Pricing Pressures, EPS Risks Loom, Morgan Stanley Says](https://longbridge.com/en/news/281210102.md)
- [08:03 ETCarriers Expand Telematics Use, Integrate Device Capabilities and Accessibility Elements to Enhance Mobile Experience](https://longbridge.com/en/news/281363356.md)