In This Article:
PROG Holdings (NYSE:PRG) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$592.2m (flat on 2Q 2023).
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Net income: US$33.8m (down 9.3% from 2Q 2023).
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Profit margin: 5.7% (down from 6.3% in 2Q 2023).
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EPS: US$0.79 (down from US$0.80 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PROG Holdings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in the US.
Performance of the American Consumer Finance industry.
The company's shares are up 23% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for PROG Holdings that we have uncovered.
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