In the latest close session, Main Street Capital (MAIN) was up +2.55% at $57.83. This move outpaced the S&P 500's daily gain of 0.8%. On the other hand, the Dow registered a loss of 0.15%, and the technology-centric Nasdaq increased by 1.6%.
Coming into today, shares of the investment firm had gained 1.15% in the past month. In that same time, the Finance sector gained 5.61%, while the S&P 500 gained 5.15%.
The investment community will be closely monitoring the performance of Main Street Capital in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.04, marking a 2.97% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $145.84 million, reflecting a 6.42% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.1 per share and a revenue of $594.95 million, signifying shifts of -2.61% and +5.04%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Main Street Capital. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Main Street Capital currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Main Street Capital has a Forward P/E ratio of 13.75 right now. This represents a premium compared to its industry average Forward P/E of 8.09.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. With its current Zacks Industry Rank of 220, this industry ranks in the bottom 10% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
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Main Street Capital Corporation (MAIN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).