PROG Shares Fall as Q3 Results Miss Estimates, 2026 Guidance Lowered

09:57 AM EDT, 10/28/2026 (MT Newswires) -- PROG (PRG) shares fell more than 3% in Wednesday trading after the company reported Q3 results below analysts' expectations and lowered its 2026 adjusted earnings and revenue guidance. The company reported Q3 adjusted earnings of $1.06 per diluted share, up from $0.87 a year earlier. Analysts polled by FactSet expected $1.09. Revenue for the quarter ended Sept. 30 was $725.8 million, compared with $577.7 million a year earlier. Analysts polled by FactSet expected $737.8 million For Q4, PROG expects adjusted EPS of $1.20 to $1.32, and revenue of $827 million to $862 million. Analysts polled by FactSet expect Q4 adjusted EPS of $1.38 and revenue of $859.5 million. For 2026, the company lowered its adjusted EPS guidance to a range of $4.70 to $4.85 from $4.75 to $5.00, and narrowed its revenue outlook to $3.015 billion to $3.05 billion from $3.025 billion to $3.10 billion. Analysts polled by FactSet expect 2026 adjusted EPS of $4.91 and revenue of $3.06 billion. The company repurchased $36.7 million of shares in Q3 at an average price of $41.47 per share, plans a $100 million accelerated share repurchase program in Q4, and replenished and extended its existing buyback program. Price: 28.49, Change: -1.12, Percent Change: -3.78