Financial technology company PROG Holdings (NYSE: PRG) will be announcing earnings results this Wednesday before market hours. Here’s what you need to know.

PROG beat analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $595.1 million, down 1.8% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and .

Is PROG a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting PROG’s revenue to decline 6.3% year on year to $584.3 million, a reversal from the 8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.61 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. PROG has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 1.8% on average.

Looking at PROG’s peers in the specialty finance segment, some have already reported their Q4 results, giving us a hint as to what we can expect. HA Sustainable Infrastructure Capital delivered year-on-year revenue growth of 12.2%, beating analysts’ expectations by 33.3%, and Capital Southwest reported revenues up 18.2%, topping estimates by 5.3%. HA Sustainable Infrastructure Capital traded up 10.8% following the results while Capital Southwest’s stock price was unchanged.

Read our full analysis of HA Sustainable Infrastructure Capital’s results here and Capital Southwest’s results here.

Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the specialty finance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 6.1% on average over the last month. PROG is up 4.1% during the same time and is heading into earnings with an average analyst price target of $41 (compared to the current share price of $33.37).

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