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Main Street Capital MAIN reported its Q1 earnings results on Thursday, May 4, 2023 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Main Street Capital beat estimated earnings by 9.18%, reporting an EPS of $1.07 versus an estimate of $0.98.
Revenue was up $40.86 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.15 which was followed by a 1.99% increase in the share price the next day.
Here’s a look at Main Street Capital’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.88 | 0.76 | 0.71 | 0.70 |
| EPS Actual | 1.03 | 0.83 | 0.78 | 0.77 |
| Revenue Estimate | 107.31M | 87.72M | 81.34M | 81.37M |
| Revenue Actual | 113.88M | 98.39M | 85.20M | 79.39M |
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.88 | 0.76 | 0.71 | 0.70 |
| EPS Actual | 1.03 | 0.83 | 0.78 | 0.77 |
| Revenue Estimate | 107.31M | 87.72M | 81.34M | 81.37M |
| Revenue Actual | 113.88M | 98.39M | 85.20M | 79.39M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Main Street Capital management provided guidance for Q1 2023, expecting earnings between $1.06 and $1.08 per share.
To track all earnings releases for Main Street Capital visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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