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Main Street Capital (MAIN) Stock Moves -0.54%: What You Should Know
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Main Street Capital (MAIN - Free Report) closed the most recent trading day at $33.14, moving -0.54% from the previous trading session. This move was narrower than the S&P 500's daily loss of 2.37%. Meanwhile, the Dow lost 1.35%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Heading into today, shares of the investment firm had lost 16.2% over the past month, lagging the Finance sector's loss of 6.57% and the S&P 500's loss of 6.51% in that time.
Wall Street will be looking for positivity from Main Street Capital as it approaches its next earnings report date. This is expected to be November 3, 2022. On that day, Main Street Capital is projected to report earnings of $0.75 per share, which would represent year-over-year growth of 5.63%. Meanwhile, our latest consensus estimate is calling for revenue of $87.68 million, up 14.2% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.01 per share and revenue of $344.06 million. These totals would mark changes of +7.12% and +19.03%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Main Street Capital. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Main Street Capital is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Main Street Capital is holding a Forward P/E ratio of 11.08. This valuation marks a premium compared to its industry's average Forward P/E of 8.74.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This group has a Zacks Industry Rank of 126, putting it in the top 50% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Main Street Capital (MAIN) Stock Moves -0.54%: What You Should Know
Main Street Capital (MAIN - Free Report) closed the most recent trading day at $33.14, moving -0.54% from the previous trading session. This move was narrower than the S&P 500's daily loss of 2.37%. Meanwhile, the Dow lost 1.35%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Heading into today, shares of the investment firm had lost 16.2% over the past month, lagging the Finance sector's loss of 6.57% and the S&P 500's loss of 6.51% in that time.
Wall Street will be looking for positivity from Main Street Capital as it approaches its next earnings report date. This is expected to be November 3, 2022. On that day, Main Street Capital is projected to report earnings of $0.75 per share, which would represent year-over-year growth of 5.63%. Meanwhile, our latest consensus estimate is calling for revenue of $87.68 million, up 14.2% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.01 per share and revenue of $344.06 million. These totals would mark changes of +7.12% and +19.03%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Main Street Capital. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Main Street Capital is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Main Street Capital is holding a Forward P/E ratio of 11.08. This valuation marks a premium compared to its industry's average Forward P/E of 8.74.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This group has a Zacks Industry Rank of 126, putting it in the top 50% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.