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Main Street Capital (MAIN) Stock Sinks As Market Gains: What You Should Know
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Main Street Capital (MAIN - Free Report) closed the most recent trading day at $34.66, moving -0.03% from the previous trading session. This change lagged the S&P 500's daily gain of 2.37%. At the same time, the Dow added 2.47%, and the tech-heavy Nasdaq lost 0.07%.
Coming into today, shares of the investment firm had lost 7.3% in the past month. In that same time, the Finance sector lost 5.94%, while the S&P 500 lost 4.82%.
Investors will be hoping for strength from Main Street Capital as it approaches its next earnings release, which is expected to be November 3, 2022. The company is expected to report EPS of $0.75, up 5.63% from the prior-year quarter. 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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Main Street Capital is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Main Street Capital's current valuation metrics, including its Forward P/E ratio of 11.53. Its industry sports an average Forward P/E of 8.4, so we one might conclude that Main Street Capital is trading at a premium comparatively.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
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 Sinks As Market Gains: What You Should Know
Main Street Capital (MAIN - Free Report) closed the most recent trading day at $34.66, moving -0.03% from the previous trading session. This change lagged the S&P 500's daily gain of 2.37%. At the same time, the Dow added 2.47%, and the tech-heavy Nasdaq lost 0.07%.
Coming into today, shares of the investment firm had lost 7.3% in the past month. In that same time, the Finance sector lost 5.94%, while the S&P 500 lost 4.82%.
Investors will be hoping for strength from Main Street Capital as it approaches its next earnings release, which is expected to be November 3, 2022. The company is expected to report EPS of $0.75, up 5.63% from the prior-year quarter. 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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Main Street Capital is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Main Street Capital's current valuation metrics, including its Forward P/E ratio of 11.53. Its industry sports an average Forward P/E of 8.4, so we one might conclude that Main Street Capital is trading at a premium comparatively.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.