NYSE$PRG
Prog Holdings Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Exceeded first quarter 2023 expectations and raised full-year earnings outlook.
PROG Holdings reported consolidated revenues of $655.1 million and net earnings of $48.0 million for the first quarter of 2023. The company's adjusted EBITDA increased by 38.9% year-over-year. Diluted EPS was $1.00, and non-GAAP diluted EPS was $1.11, up 94.7% year-over-year.
- Consolidated revenues reached $655.1 million, with earnings before taxes at $67.6 million.
- Adjusted EBITDA increased by 38.9% year-over-year to $89.7 million.
- Diluted EPS stood at $1.00, while Non-GAAP Diluted EPS rose by 94.7% year-over-year to $1.11.
- Progressive Leasing write-offs decreased to 6.0%, down from 7.3% in Q1 2022.
Headline financials
Revenue & EPS history
Prog Holdings · Revenue · Quarterly
$655M
Revenue by segment
Prog Holdings · $638M total across 2 segments · Q1 2023
- Progressive Leasing$637M-8.1%99.9%
- Other$905K+108.5%0.1%
Forward guidance
The Company is revising upwards its full year earnings outlook, lowering modestly our revenue expectations, and providing a Q2 2023 outlook for revenues, net earnings, adjusted EBITDA, GAAP diluted EPS, and non-GAAP diluted EPS.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.6%
Avg return
Earnings day
+3.2%
Avg return
5 days after
+5.3%
Avg return
30 days after
57%
36 / 63 earnings
Positive
+24.2%
Q1 2020
Best reaction
-43.1%
Q1 2010
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.1% | +24.2% | +26.6% | |
| Q4 2025 | +6.6% | +12.7% | -18.1% | |
| Q3 2025 | -0.8% | -3.5% | -14.1% | |
| Q1 2025 | -7.0% | -2.6% | +6.5% | |
| Q3 2024 | -8.7% | -8.6% | +1.0% | |
| Q2 2024 | +22.2% | +29.9% | +36.4% | |
| Q1 2024 | +6.6% | +5.2% | +8.3% | |
| Q4 2023 | -11.3% | -9.2% | +6.7% | |
| Q3 2023 | -0.4% | -2.6% | -4.4% | |
| Q2 2023 | +14.9% | +11.9% | -7.3% | |
| Q1 2023 | +17.6% | +17.2% | +29.6% | |
| Q4 2022 | +5.9% | +8.4% | +1.2% | |
| Q3 2022 | +11.8% | +16.3% | +33.3% | |
| Q2 2022 | +8.3% | +16.3% | +10.7% | |
| Q1 2022 | +2.0% | +2.4% | +6.3% | |
| Q4 2021 | -12.8% | -14.2% | -19.1% | |
| Q3 2021 | +13.0% | +14.0% | +9.6% | |
| Q2 2021 | -3.7% | -6.0% | +5.1% | |
| Q1 2021 | +3.1% | +8.4% | +6.7% | |
| Q4 2020 | +0.8% | -2.2% | -9.3% | |
| Q3 2020 | -4.5% | +1.6% | +18.2% | |
| Q2 2020 | +16.8% | +14.2% | +26.0% | |
| Q1 2020 | +24.2% | +14.2% | +58.2% | |
| Q4 2019 | -22.8% | -24.0% | -73.3% | |
| Q3 2019 | -11.6% | -21.3% | -22.1% | |
| Q2 2019 | -1.4% | -2.8% | -4.4% | |
| Q1 2019 | +7.1% | +4.5% | +2.2% | |
| Q4 2018 | +5.2% | +4.6% | +2.5% | |
| Q3 2018 | -6.0% | -4.6% | +0.9% | |
| Q2 2018 | -0.1% | -0.5% | +16.0% | |
| Q1 2018 | -7.4% | -10.7% | -9.5% | |
| Q4 2017 | +7.6% | +5.5% | +19.8% | |
| Q3 2017 | -12.2% | -14.9% | -16.1% | |
| Q2 2017 | +13.9% | +13.1% | +8.8% | |
| Q1 2017 | +14.4% | +16.2% | +11.9% | |
| Q4 2016 | -8.6% | -8.3% | +1.9% | |
| Q3 2016 | +9.2% | +9.6% | +30.8% | |
| Q2 2016 | +9.8% | +8.5% | +12.7% | |
| Q1 2016 | +3.9% | — | — | |
| Q4 2015 | -6.0% | — | — | |
| Q3 2015 | -24.3% | — | — | |
| Q2 2015 | -9.2% | — | — | |
| Q1 2015 | +14.5% | — | — | |
| Q4 2014 | +1.6% | — | — | |
| Q3 2014 | -4.1% | — | — | |
| Q2 2014 | +0.8% | — | — | |
| Q1 2014 | +0.6% | — | — | |
| Q4 2013 | +0.4% | — | — | |
| Q3 2013 | +0.2% | — | — | |
| Q2 2013 | +1.4% | — | — | |
| Q1 2013 | -1.3% | — | — | |
| Q4 2012 | +3.8% | — | — | |
| Q3 2012 | -1.2% | — | — | |
| Q2 2012 | +0.8% | — | — | |
| Q1 2012 | +0.7% | — | — | |
| Q4 2011 | -0.2% | — | — | |
| Q3 2011 | -4.2% | — | — | |
| Q2 2011 | +2.3% | — | — | |
| Q1 2011 | +1.7% | — | — | |
| Q4 2010 | +2.2% | — | — | |
| Q3 2010 | -1.4% | — | — | |
| Q2 2010 | -4.7% | — | — | |
| Q1 2010 | -43.1% | — | — |
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