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Main Street Capital (MAIN) Dips More Than Broader Markets: What You Should Know

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Main Street Capital (MAIN - Free Report) closed the most recent trading day at $39.50, moving -0.2% from the previous trading session. This change lagged the S&P 500's daily loss of 0.07%. Meanwhile, the Dow gained 0.31%, and the Nasdaq, a tech-heavy index, lost 3.22%.

Heading into today, shares of the investment firm had gained 7.58% over the past month, outpacing the Finance sector's gain of 5.92% and the S&P 500's gain of 4.64% 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 February 23, 2023. On that day, Main Street Capital is projected to report earnings of $0.88 per share, which would represent year-over-year growth of 14.29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $107.58 million, up 30.93% from the year-ago period.

Investors might also notice recent changes to analyst estimates for Main Street Capital. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

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, 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 currently sporting a Zacks Rank of #3 (Hold).

In terms of valuation, Main Street Capital is currently trading at a Forward P/E ratio of 11.05. Its industry sports an average Forward P/E of 7.94, 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 68, which puts it in the top 27% 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.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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