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Main Street Capital (MAIN) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, Main Street Capital (MAIN - Free Report) reported revenue of $132.15 million, up 3.6% over the same period last year. EPS came in at $1.01, compared to $1.06 in the year-ago quarter.
The reported revenue represents a surprise of -0.35% over the Zacks Consensus Estimate of $132.62 million. With the consensus EPS estimate being $1.01, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Main Street Capital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Investment Income- Interest, fee and dividend income- Control investments
: $51.32 million versus the two-analyst average estimate of $51.61 million. The reported number represents a year-over-year change of +7%.
Investment Income- Interest, fee and dividend income- Non-Control/Non-Affiliate investments
: $57.64 million versus the two-analyst average estimate of $63.86 million. The reported number represents a year-over-year change of -1.7%.
Investment Income- Interest, fee and dividend income- Affiliate investments
: $23.20 million compared to the $17.92 million average estimate based on two analysts. The reported number represents a change of +10.5% year over year.
Shares of Main Street Capital have returned -6% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Main Street Capital (MAIN) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, Main Street Capital (MAIN - Free Report) reported revenue of $132.15 million, up 3.6% over the same period last year. EPS came in at $1.01, compared to $1.06 in the year-ago quarter.
The reported revenue represents a surprise of -0.35% over the Zacks Consensus Estimate of $132.62 million. With the consensus EPS estimate being $1.01, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Main Street Capital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Main Street Capital here>>>Investment Income- Interest, fee and dividend income- Control investments
: $51.32 million versus the two-analyst average estimate of $51.61 million. The reported number represents a year-over-year change of +7%.Investment Income- Interest, fee and dividend income- Non-Control/Non-Affiliate investments
: $57.64 million versus the two-analyst average estimate of $63.86 million. The reported number represents a year-over-year change of -1.7%.Investment Income- Interest, fee and dividend income- Affiliate investments
: $23.20 million compared to the $17.92 million average estimate based on two analysts. The reported number represents a change of +10.5% year over year.Shares of Main Street Capital have returned -6% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.