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Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →Progressive reported third-quarter 2026 adjusted earnings of $4.60 per share, beating Zacks Equity Research’s $4.46 consensus estimate by 3.14%. Revenue was $23.36 billion, which came in 0.22% below Zacks’ forecast. Zacks published the results and comparison on October 14, 2026.
Progressive’s Q3 2026 result at a glance
| Measure | Actual | Comparison baseline | Result |
|---|---|---|---|
| Adjusted earnings per share | $4.60 | $4.46 Zacks consensus, published October 14, 2026 | 3.14% positive surprise |
| Revenue | $23.36 billion | Zacks consensus, published October 14, 2026 | 0.22% below consensus |
That makes the quarter an EPS beat and a modest revenue miss when measured against the same Zacks snapshot. The result should not be described simply as a broad beat or broad miss because the two headline measures moved in opposite directions.
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Did PGR beat Q3 earnings estimates?
Yes. Progressive’s adjusted Q3 2026 EPS of $4.60 exceeded the Zacks consensus of $4.46 by $0.14 per share, or 3.14%. The comparison uses adjusted EPS, not an unadjusted GAAP figure, so readers should keep the accounting basis consistent when comparing Progressive with other insurers or with earlier company results.
Did Progressive miss revenue estimates?
Yes, narrowly against Zacks’ published baseline. Progressive reported $23.36 billion in revenue, 0.22% less than the consensus estimate. No materiality threshold beyond that percentage is stated, so the result is best characterized as a slight revenue shortfall rather than a large miss.
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What analysts expected before the release
Zacks preview on October 12
Zacks’ pre-release preview, published October 12, projected $4.43 in EPS and $23.4 billion in revenue. Zacks also said its EPS estimate had risen 2.5% during the seven days before publication. The final Zacks comparison therefore used a $4.46 EPS consensus, three cents higher than the preview figure, while the revenue baseline remained approximately $23.4 billion.
Why other websites show different estimates
Consensus is not a single universal number. Providers use different analyst sets, calculation methods and update times. For the same Q3 2026 period, TipRanks displayed a $4.05 consensus EPS and $22.28 billion expected revenue on a page accessed October 18, 2026. MarketBeat displayed $4.35 EPS and $22.61 billion revenue on its corresponding 2026 page.
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| Provider and date | EPS estimate | Revenue estimate | How to use it |
|---|---|---|---|
| Zacks, October 14, 2026 result comparison | $4.46 | Baseline implied by a 0.22% miss versus $23.36 billion | Primary beat/miss comparison in this report |
| Zacks, October 12, 2026 preview | $4.43 | $23.4 billion | Pre-release expectation |
| TipRanks, page accessed October 18, 2026 | $4.05 | $22.28 billion | Separate provider snapshot |
| MarketBeat, page accessed October 18, 2026 | $4.35 | $22.61 billion | Separate provider snapshot |
Using TipRanks or MarketBeat as the baseline would produce a different surprise calculation. For that reason, every earnings report should identify the provider and the date of the consensus figure instead of presenting “the estimate” as if all data services agree.
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Progressive’s investor-relations calendar lists the September-quarter earnings release on October 14, 2026. The company’s third-quarter 2026 investor call is scheduled for November 3, 2026, at 9:30 a.m. Eastern Time. The release date and call date are separate events: the former provides the reported figures, while the latter is the scheduled forum for management’s discussion and questions.
How to interpret the mixed result
- Profitability: Adjusted EPS was above the named Zacks expectation by 3.14%.
- Top-line performance: Revenue was just below the same provider’s forecast.
- Estimate momentum: Zacks reported that its EPS estimate increased 2.5% over the seven days before its October 12 preview.
- Data quality: The spread among Zacks, TipRanks and MarketBeat shows why provider, timestamp and metric definition must accompany every consensus number.
The available figures establish the direction and size of the EPS and revenue surprises, but they do not by themselves explain the operating causes behind the quarter or indicate how management will frame forward guidance. Those issues belong to the scheduled November 3 investor call and any subsequent company disclosures.
What investors should check next
- Read the company’s October 14 release and confirm whether any non-adjusted or GAAP measures differ materially from adjusted EPS.
- Use one clearly identified consensus provider when calculating a surprise, rather than mixing Zacks’ EPS baseline with another provider’s revenue forecast.
- Review the November 3, 2026 call for management commentary, outlook changes and explanations for the gap between EPS and revenue performance.
- When comparing this quarter with another period, match the reporting period, currency, accounting basis and estimate timestamp.
The Bottom Line
Progressive’s Q3 2026 report was a mixed result: adjusted EPS beat Zacks’ October 14 consensus by 3.14%, while $23.36 billion of revenue was 0.22% below that forecast. Different providers showed materially different estimates, so the source and date of any PGR earnings comparison matter.
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