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Here's Why Main Street Capital (MAIN) Gained But Lagged the Market Today
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Main Street Capital (MAIN - Free Report) closed the most recent trading day at $46.78, moving +0.82% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.86%. Meanwhile, the Dow experienced a rise of 1.22%, and the technology-dominated Nasdaq saw an increase of 0.51%.
Shares of the investment firm have appreciated by 0.72% over the course of the past month, underperforming the Finance sector's gain of 3.29% and the S&P 500's gain of 2.84%.
The investment community will be paying close attention to the earnings performance of Main Street Capital in its upcoming release. The company's upcoming EPS is projected at $1.03, signifying a 0.98% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $128 million, showing a 6.44% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.07 per share and a revenue of $514.85 million, representing changes of -6.65% and +2.89%, respectively, from the prior year.
Any recent changes to analyst estimates for Main Street Capital should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.91% upward. At present, Main Street Capital boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Main Street Capital is holding a Forward P/E ratio of 11.41. This indicates a premium in contrast to its industry's Forward P/E of 7.73.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 200, positioning it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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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Here's Why Main Street Capital (MAIN) Gained But Lagged the Market Today
Main Street Capital (MAIN - Free Report) closed the most recent trading day at $46.78, moving +0.82% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.86%. Meanwhile, the Dow experienced a rise of 1.22%, and the technology-dominated Nasdaq saw an increase of 0.51%.
Shares of the investment firm have appreciated by 0.72% over the course of the past month, underperforming the Finance sector's gain of 3.29% and the S&P 500's gain of 2.84%.
The investment community will be paying close attention to the earnings performance of Main Street Capital in its upcoming release. The company's upcoming EPS is projected at $1.03, signifying a 0.98% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $128 million, showing a 6.44% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.07 per share and a revenue of $514.85 million, representing changes of -6.65% and +2.89%, respectively, from the prior year.
Any recent changes to analyst estimates for Main Street Capital should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.91% upward. At present, Main Street Capital boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Main Street Capital is holding a Forward P/E ratio of 11.41. This indicates a premium in contrast to its industry's Forward P/E of 7.73.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 200, positioning it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.