Main Street Capital (MAIN) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, Main Street Capital (MAIN) closed at $58.65, marking a +1.93% move from the previous day. This change outpaced the S&P 500's 1.77% gain on the day. Meanwhile, the Dow gained 1.42%, and the Nasdaq, a tech-heavy index, added 2.28%.The investment firm's shares have seen a decrease of 7.6% over the last month, not keeping up with the Finance sector's loss of 1.46% and the S&P 500's loss of 5.73%.The investment community will be paying close attention to the earnings performance of Main Street Capital in its upcoming release. On that day, Main Street Capital is projected to report earnings of $1 per share, which would represent a year-over-year decline of 4.76%. In the meantime, our current consensus estimate forecasts the revenue to be $137.37 million, indicating a 4.37% growth compared to the corresponding quarter of the prior year.Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.02 per share and revenue of $557.03 million, indicating changes of -1.71% and +2.96%, respectively, compared to the previous year.It's also important for investors to be aware of any recent modifications to analyst estimates for Main Street Capital. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 1.31% fall in the Zacks Consensus EPS estimate. Main Street Capital is holding a Zacks Rank of #3 (Hold) right now.Looking at valuation, Main Street Capital is presently trading at a Forward P/E ratio of 14.32. This represents a premium compared to its industry's average Forward P/E of 8.85.The Financial - SBIC & Commercial Industry industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 131, placing it within the bottom 48% of over 250 industries.The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Main Street Capital Corporation (MAIN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks