Main Street Capital (MAIN) closed the most recent trading day at $45.85, moving -0.33% from the previous trading session. The stock’s change was more than the S&P 500’s daily loss of 0.65%. Meanwhile, the Dow lost 0.18%, and the Nasdaq, a technical index, lost 1.16%.
Entering today, shares of the investment firm have gained 3.21% over the past month, lagging the Financials sector’s gain of 4.79% and the S&P 500’s gain of 3.4% over that time.
The investment community will be closely monitoring Main Street Capital’s performance in its next earnings report. In that report, analysts expect Main Street Capital to post earnings of $1.03 per share. This would mark a year-over-year increase of 0.98%. Furthermore, our most recent consensus estimate forecasts revenue of $128 million, indicating a 6.44% upward move from the same quarter last year.
For the annual period, the Zacks Consensus Estimates forecast earnings of $4.07 per share and revenue of $514.85 million, representing changes of -6.65% and +2.89%, respectively, from last year.
Investors may also be taking note of recent changes to analyst ratings for Main Street Capital. These latter adjustments often reflect the changing dynamics of short-term trading patterns. Consequently, positive revisions in ratings convey analysts’ confidence in the company’s business performance and profit potential.
Research indicates that these rating revisions directly correlate with near-term stock price momentum. To take advantage of this, we created the Zacks Rank, a unique model that incorporates these rating changes and offers a practical rating system.
From #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, externally-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. During the last 30 days, the Zacks Consensus EPS estimate witnessed a 4.63% increase. Right now, Main Street Capital owns a Zacks Rank of #3 (Hold).
In terms of valuation, Main Street Capital is currently trading with a Forward P/E ratio of 11.32. For comparison, its industry average Forward P/E of 7.54 means Main Street Capital is trading at a premium to the group.
The Financial – SBIC & Commercial Industry industry is part of the Financial sector. Currently, this industry holds a Zacks Industry Rank of 209, placing it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst based on the average Zacks Rank of the individual companies in each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don’t forget to use Zacks.com to keep track of all these stock movement metrics, and others, in the coming trading sessions.
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Main Street Capital Corporation (MAIN): Free Analysis Report
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