Financial technology company PROG Holdings (NYSE:PRG) met Wall Street’s revenue expectations in Q1 CY2026, with sales up 8.6% year on year to $742.7 million....
Financial technology company PROG Holdings (NYSE:PRG) met Wall Street’s revenue expectations in Q1 CY2026, with sales up 8.6% year on year to $742.7 million....
Financial technology company PROG Holdings (NYSE:PRG) will be reporting results this Wednesday morning. Here’s what to look for. PROG missed analysts’ revenu...
Looking back on specialty finance stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Encore Capital Group (NASDAQ:ECPG) and ...
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the specialty finance stocks, including PROG (NYSE:PRG) and its peers. Specialty financ...
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Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on. But the flip side is that ...
What Happened? A number of stocks jumped in the afternoon session after reports revealed easing geopolitical tensions between the U.S. and Iran. The broader ...
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While profitability is essential, it doesn’t guarantee long-term success. Some companies that rest on their margins will lose ground as competition intensifi...
What Happened? A number of stocks fell in the afternoon session after investors raised concerns over the stability of the private credit market, following a ...
Over the past six months, PROG’s stock price fell to $31.82. Shareholders have lost 12.5% of their capital, which is disappointing considering the S&P 500 ha...
The Russell 2000 (^RUT) is packed with potential breakout stocks, thanks to its focus on smaller companies with high growth potential. However, smaller size ...
What Happened? A number of stocks fell in the morning session after rising geopolitical tensions in the Middle East triggered a significant spike in crude oi...
A number of stocks fell in the afternoon session after the release of a stronger-than-anticipated Producer Price Index (PPI) report showed wholesale inflation rose more than expected in January.
PROG Holdings' fourth quarter was marked by a decline in revenue as the company navigated both a challenging retail environment and the fallout from a major partner bankruptcy. Management attributed the dip to reduced activity in Progressive Leasing, which was intentionally tightened to protect portfolio quality. CEO Steve Michaels pointed to “meaningful disruption following the bankruptcy of a large retail partner” and described the quarter as a period that required “balance, discipline, and focus.” Notably, the company’s buy now, pay later platform, For, delivered triple-digit growth, helping to offset leasing headwinds and demonstrating the value of a diversified product approach.
Shares of financial technology company PROG Holdings (NYSE:PRG) jumped 11.9% in the afternoon session after the company reported fourth-quarter results that beat profit estimates and issued a strong financial outlook for 2026. Although revenue for the quarter fell short of Wall Street's expectations and declined 7.8% compared to the previous year, investors appeared to focus on the company's profitability and positive forecast. PROG Holdings reported a non-GAAP profit of $0.74 per share, which was 24.37% higher than what analysts had anticipated. The main driver for the stock's jump was the company's guidance for the upcoming year. Its full-year revenue forecast was 8% above analysts' estimates at the midpoint, and its adjusted earnings guidance beat consensus estimates by 17.5%. This strong outlook suggested confidence from management about the company's future performance, overshadowing the mixed results of the reported quarter.
