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Main Street Capital (MAIN) Outpaces Stock Market Gains: What You Should Know
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In the latest close session, Main Street Capital (MAIN - Free Report) was up +1.4% at $57.03. This move outpaced the S&P 500's daily gain of 1.14%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.69%.
The stock of investment firm has fallen by 3.32% in the past month, leading the Finance sector's loss of 3.64% and undershooting the S&P 500's loss of 2.85%.
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, signifying a 3.09% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $144.47 million, indicating a 3.32% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $4.05 per share and a revenue of $581.54 million, demonstrating changes of -3.8% and +2.67%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Main Street Capital. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.26% lower. Main Street Capital presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Main Street Capital is presently being traded at a Forward P/E ratio of 13.96. This valuation marks a premium compared to its industry average Forward P/E of 8.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This group has a Zacks Industry Rank of 83, putting it in the top 34% 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.
To follow MAIN in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Main Street Capital (MAIN) Outpaces Stock Market Gains: What You Should Know
In the latest close session, Main Street Capital (MAIN - Free Report) was up +1.4% at $57.03. This move outpaced the S&P 500's daily gain of 1.14%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.69%.
The stock of investment firm has fallen by 3.32% in the past month, leading the Finance sector's loss of 3.64% and undershooting the S&P 500's loss of 2.85%.
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, signifying a 3.09% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $144.47 million, indicating a 3.32% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $4.05 per share and a revenue of $581.54 million, demonstrating changes of -3.8% and +2.67%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Main Street Capital. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.26% lower. Main Street Capital presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Main Street Capital is presently being traded at a Forward P/E ratio of 13.96. This valuation marks a premium compared to its industry average Forward P/E of 8.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This group has a Zacks Industry Rank of 83, putting it in the top 34% 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.
To follow MAIN in the coming trading sessions, be sure to utilize Zacks.com.