Progressive (PGR) Stock Drops Despite Market Gains: Important Facts to Note

Progressive stock fell 2.18% to $217.65, underperforming broader market gains. The insurer is expected to report lower EPS of $3.98 (down 1.73% YoY) but higher revenue of $23.29 billion (up 4.83% YoY). The stock carries a Zacks Rank #3 (Hold) with a Forward P/E of 12.54, trading at a premium to its industry average.