NYSE$PRG
Prog Holdings Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported an increase in consolidated revenues and diluted EPS
PROG Holdings reported a 6.4% increase in consolidated revenues, reaching $650.4 million, and a diluted EPS of $0.86. The company's Progressive Leasing GMV grew by 9.9%, with e-commerce GMV experiencing a significant increase of 192%.
- Progressive Leasing GMV increased by 9.9% to $493 million.
- E-commerce grew 192% to 14.5% of Progressive Leasing GMV.
- Consolidated revenues increased 6.4% to $650 million.
- Board of Directors authorized a new $1 billion share repurchase program.
Headline financials
Revenue & EPS history
Prog Holdings · Revenue · Quarterly
$650M
Revenue by segment
Prog Holdings · $635M total across 2 segments · Q3 2021
- Progressive Leasing$635M+5.6%100.0%
- Other$168K—0.0%
Forward guidance
The company updated its full-year 2021 consolidated outlook, reflecting increasing reserve requirements due to the continued normalization of the portfolio.
Tailwinds
- Revised revenue range for 2021 is $2.68 billion to $2.70 billion.
- Adjusted EBITDA range is $390 million to $395 million.
- Non-GAAP diluted EPS is expected to be between $3.90 and $3.99.
- GAAP diluted EPS is expected to be between $3.62 and $3.71.
- The impact of any share reduction from the tender offer is not included in this outlook and is expected to be immaterial to the full-year EPS.
Headwinds
- Increasing reserve requirements due to continued normalization of the portfolio.
- The change in outlook reflects increasing reserve requirements.
- Impact of share reduction from tender offer is not included in this outlook.
- Delinquencies and write-offs approaching a more normalized level.
- Write-offs remain below the Company’s historical 6-8% annual range.
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 Q3 2021
+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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