Main Street Capital Gains as Major Indexes Slip

Main Street Capital rose 1.58% to $55.94 in its latest trading session. The S&P 500 fell 0.17%, the Dow lost 0.26% and the Nasdaq slipped 0.09%.

The gain came after a weaker month for the stock. Main Street had fallen 6.53% over the past month, compared with a 4.18% decline in the Finance sector and a 0.24% drop in the S&P 500.

Ahead of the company’s upcoming report, Zacks consensus estimates call for quarterly earnings of $1 per share and revenue of $144.47 million. Those figures would be increases of 3.09% and 3.32%, respectively, from the same quarter a year earlier.

For the full year, Zacks estimates earnings of $4.05 per share and revenue of $581.54 million. That would mean a 3.8% decline in earnings and a 2.67% rise in revenue from the prior year.

The report put Main Street’s forward price-to-earnings ratio at 13.6, compared with an industry average of 7.78.