Shares of PROG Holdings PRG remained unaffected after the company reported Q2 results.
Quarterly Results
Earnings per share fell 7.63% over the past year to $1.09, which beat the estimate of $0.80.
Revenue of $659,971,000 declined by 35.93% from the same period last year, which beat the estimate of $654,830,000.
Outlook
PROG Holdings raised FY21 EPS guidance from $3.80-$4.05 to $3.90-$4.10.
Conference Call Details
Date: Jul 29, 2021
Time: 08:30 AM
ET Webcast URL: https://investor.progholdings.com/events-and-presentations/events-calendar/default.aspx
Technicals
Company's 52-week high was at $60.50
52-week low: $41.27
Price action over last quarter: down 10.82%
Company Profile
PROG Holdings Inc is a provider of lease-purchase solutions through more than 30,000 retail partner locations in 46 states and the district of Columbia, including e-commerce merchants. The firm operates in two segments Progressive Leasing and Vive Financial. The majority of the firm's revenue is derived from the Progressive Leasing segment that offers lease-to-own transactions mainly to credit-challenged consumers, through point-of-sale and e-commerce retail partners, via in-store, mobile, and online solutions.
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