The most recent trading session ended with Main Street Capital (MAIN - Free Report) standing at $43.99, reflecting a +0.59% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 1.41%. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 2.2%.
The investment firm's shares have seen an increase of 3.8% over the last month, not keeping up with the Finance sector's gain of 5.34% and outstripping the S&P 500's gain of 2.9%.
The investment community will be closely monitoring the performance of Main Street Capital in its forthcoming earnings report. The company is expected to report EPS of $0.99, up 1.02% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $125.06 million, showing a 9.82% escalation compared to the year-ago quarter.
Any recent changes to analyst estimates for Main Street Capital should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% 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 11.18. Its industry sports an average Forward P/E of 7.83, so 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 bearing a Zacks Industry Rank of 85, finds itself in the top 34% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
The most recent trading session ended with Main Street Capital (MAIN - Free Report) standing at $43.99, reflecting a +0.59% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 1.41%. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 2.2%.
The investment firm's shares have seen an increase of 3.8% over the last month, not keeping up with the Finance sector's gain of 5.34% and outstripping the S&P 500's gain of 2.9%.
The investment community will be closely monitoring the performance of Main Street Capital in its forthcoming earnings report. The company is expected to report EPS of $0.99, up 1.02% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $125.06 million, showing a 9.82% escalation compared to the year-ago quarter.
Any recent changes to analyst estimates for Main Street Capital should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% 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 11.18. Its industry sports an average Forward P/E of 7.83, so 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 bearing a Zacks Industry Rank of 85, finds itself in the top 34% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
Get the latest research report on MAIN - FREE