Overview

* PROG Holdings ( PRG ) Q3 revenue of $595.1 mln beats analyst expectations

* Adjusted EPS for Q3 at $0.90, surpassing analyst estimates

* Company highlights significant GMV growth in Four Technologies platform

Outlook

* PROG Holdings ( PRG ) revises 2025 total revenue outlook to $2.41 bln-$2.435 bln, down from $2.45 bln-$2.5 bln

* Company expects 2025 adjusted EBITDA between $258 mln and $265 mln

* PROG Holdings ( PRG ) projects 2025 non-GAAP EPS from continuing operations of $3.35-$3.45

Result Drivers

* PROGRESSIVE LEASING - Segment faced modest revenue headwinds, with GMV down 10% YoY

* FOUR TECHNOLOGIES GROWTH - Achieved 162.8% GMV growth, third consecutive quarter of positive adjusted EBITDA

* VIVE FINANCIAL SALE - Sale of Vive portfolio to improve capital efficiency and financial flexibility

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $595.1 $586.1

Revenue mln mln (7

Analysts

)

Q3 Beat $0.90 $0.73 (7

Adjusted Analysts

EPS )

Q3 EPS $0.82

Q3 Net $33.10

Earnings mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the financial technology (fintech) peer group is "buy"

* Wall Street's median 12-month price target for PROG Holdings Inc ( PRG ) is $40.00, about 18.2% above its October 21 closing price of $32.72

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)