Main Street Capital Corporation (NYSE:MAIN) is slated to announce third-quarter 2019 results on Nov 7, after market close. While its revenues are expected to have grown year over year, earnings are likely to have been stable.
The company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average beat being 4%.
In the last reported quarter, the company surpassed consensus estimate on higher interest income, partially offset by lower fee income and rise in expenses.
Main Street Capital Corporation Price and EPS Surprise
Trend in Estimate Revisions
The Zacks Consensus Estimate for earnings of 63 cents has remained stable over the past 30 days. Also, it is in line with the year-ago reported figure.
The consensus estimate for sales of $61.66 million suggests growth of 5.3%.
Factors at Play
Due to the lower interest rates, Main Street is likely to have witnessed fall in interest income during the quarter. However, expectation of higher prepayment activity might have given fee income some support.
Main Street has been witnessing persistent rise in general and compensation-related expenses over the past several quarters.
Earnings Whispers
According to our quantitative model, chances of Main Street beating the Zacks Consensus Estimate this time around are low. This is because it does not have the right combination of the two key ingredients — a positive Earnings ESP and Zacks Rank #3 (Hold) or better.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Main Street is 0.00%.
Zacks Rank: Main Street has a Zacks Rank #3.
Stocks to Consider
Ares Capital Corporation’s (NASDAQ:ARCC) shares have rallied 19.3% year to date. Also, the company’s earnings estimates for the current year have been revised upward over the past 30 days. The stock carries a Zacks Rank of 2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Hercules Capital’s (NYSE:HTGC) share price has increased 30.7% so far this year. Further, the company’s earnings estimates for the ongoing year have moved upward in the past 30 days. The stock carries a Zacks Rank of 2, currently.
Medallion Financial Corp.’s (NASDAQ:MFIN) shares have gained 49.7% year to date. This Zacks Rank #2 company’s earnings estimates for 2019 have moved up in 30 days’ time.
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Ares Capital Corporation (ARCC): Free Stock Analysis Report
Hercules Capital, Inc. (HTGC): Free Stock Analysis Report
Main Street Capital Corporation (MAIN): Free Stock Analysis Report
Medallion Financial Corp. (MFIN): Free Stock Analysis Report
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Zacks Investment Research