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Rhea-AI Summary
PROG Holdings, Inc. (NYSE:PRG) reported first quarter 2024 results with consolidated revenues of $641.9 million, earnings before taxes of $31.6 million, and adjusted EBITDA of $72.6 million. Diluted EPS was $0.49, while Non-GAAP Diluted EPS stood at $0.91. Progressive Leasing GMV was flat year-over-year at $418.5 million. The company raised its full-year consolidated revenue and earnings outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.82%
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Rhea-AI Summary
PROG Holdings, Inc. (NYSE:PRG) is set to release its first-quarter 2024 financial results on April 24, 2024. The company will host a live webcast to discuss the results at 8:30 A.M. ET. Investors can access the webcast through the company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.48%
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Rhea-AI Summary
PROG Holdings, Inc. and Infosys announce a collaboration to enhance technology operations, focusing on cloud and AI modernization. Infosys will provide digital services to improve operational efficiencies, accelerate technology enhancements, and widen PROG Holdings' leadership in the virtual lease-to-own market.
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Rhea-AI Sentiment
End-of-Day
-0.65%
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Rhea-AI Summary
PROG Holdings, Inc. (NYSE: PRG) partners with Infosys to enhance technology operations through cutting-edge digital services, AI initiatives, and cloud-first approach, aiming to boost operational efficiencies, accelerate technology enhancements, and widen leadership in virtual lease-to-own market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
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Rhea-AI Summary
PROG Holdings, Inc. (NYSE:PRG) reported consolidated revenues of $577.4 million, earnings before taxes of $28.5 million, and adjusted EBITDA of $61.0 million for the fourth quarter of 2023. The company also announced a quarterly cash dividend and a $500 million share repurchase authorization. Despite a decrease in revenues, PROG Holdings remains optimistic about its future outlook and growth strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
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Rhea-AI Summary
PROG Holdings, Inc. (NYSE:PRG) announced cost reduction initiatives including workforce reduction, termination of sales agent agreements, and office space consolidation to drive efficiencies and save approximately $15 million annually. Despite a decrease in lease portfolio size, the company expects total revenues and diluted non-GAAP EPS to meet or exceed the high-end of the full-year 2023 outlook. The company will provide further updates during its fourth quarter earnings call on February 21, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.08%
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Rhea-AI Summary
PROG Holdings, Inc. (NYSE:PRG) is set to release its financial results for the fourth quarter of 2023 on February 21, 2024. The company will also host a live webcast to discuss the results, which can be accessed through the investor relations website. The webcast will be archived for playback after the event.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.17%
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PRG: PROG Foundation Opens PROG Development Center in West Valley City, UT to Enhance Socioeconomic Opportunity for Young Adults
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Rhea-AI Sentiment
End-of-Day
-2.39%
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Rhea-AI Summary
PROG Holdings, Inc. (NYSE:PRG) announced financial results for Q3 2023. Consolidated revenues were $582.9 million, a decrease of 6.9% YoY. Adjusted EBITDA increased 10.4% YoY to $71.7 million. Diluted EPS was $0.76; Non-GAAP Diluted EPS was $0.90, up 32.4% YoY. Progressive Leasing write-offs decreased to 6.6% from 7.2% in Q3 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.23%
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PROG Holdings, Inc. (NYSE:PRG) to release Q3 2023 financial results on October 25, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
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PROG Holdings, Inc.
NYSE:PRG
PRG Rankings
PRG Stock Data
1.49B
42.87M
2.2%
102.57%
3.43%
Other Commercial and Industrial Machinery and Equipment Rental and Leasing
Real Estate and Rental and Leasing
United States of America
DRAPER
About PRG
progressive leasing is a prestigious innovator that has the financial security and ambition to change an industry! one of the fastest growing companies in utah, progressive was founded in 1999 and has thrived since its inception. our scalable, customer payment software product provides lease-purchase technology solutions through 15,000+ retail locations in 46 states. on track to reach $1b in revenue this year, progressive leasing is a wholly-owned subsidiary of aaron’s inc. (nyse: aan).