Main Street Capital (MAIN) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Main Street Capital (MAIN) closed at $38.71 in the latest trading session, marking a -0.82% move from the prior day. This change lagged the S&P 500's daily loss of 0.17%. At the same time, the Dow lost 0.58%, and the tech-heavy Nasdaq gained 0.27%.
Shares of the investment firm witnessed a loss of 3.51% over the previous month, beating the performance of the Finance sector with its loss of 6.7% and the S&P 500's loss of 3.95%.
The upcoming earnings release of Main Street Capital will be of great interest to investors. The company's earnings report is expected on November 2, 2023. The company is expected to report EPS of $1.01, up 21.69% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $124.34 million, showing a 26.37% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.10 per share and a revenue of $497.53 million, representing changes of +24.62% and +32.02%, respectively, from the prior year.
Any recent changes to analyst estimates for Main Street Capital should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Main Street Capital presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Main Street Capital currently has a Forward P/E ratio of 9.53. This indicates a premium in contrast to its industry's Forward P/E of 6.96.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 94, positioning it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Main Street Capital Corporation (MAIN) : Free Stock Analysis Report
