Main Street Capital (MAIN) closed the most recent trading day at $53.74, moving -1.34% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.6% for the day. Meanwhile, the Dow gained 0.83%, and the Nasdaq, a tech-heavy index, added 0.64%.
Coming into today, shares of the investment firm had lost 2.38% in the past month. In that same time, the Finance sector lost 3.99%, while the S&P 500 gained 1.34%.
Market participants will be closely following the financial results of Main Street Capital in its upcoming release. The company is expected to report EPS of $1, up 3.09% from the prior-year quarter. 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 are projecting earnings of $4.05 per share and revenue of $581.54 million, which would represent changes of -3.8% and +2.67%, 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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Main Street Capital is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Main Street Capital is currently trading at a Forward P/E ratio of 13.45. This valuation marks a premium compared to its industry average Forward P/E of 7.4.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 170, finds itself in the bottom 31% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).