MAIN Earnings Prediction
The chart below shows how MAIN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MAIN sees a -1.18% change in stock price 10 days leading up to the earnings, and a -0.45% change 10 days following the report. On the earnings day itself, the stock moves by +0.21%. This data can give you a slight idea of what to expect for the next quarter's release.
MAIN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
184.94M
22.55%
16.60%
Gross Margin
--
--
--
Operating Margin
91.48%
1.31%
1.52%
Net Margin
67.05%
-2.00%
3.57%
EPS
1.42
13.60%
19.33%
No Data Available
MAIN Earnings Analysis
Main Street Capital Corporation Corporation (MAIN.N) Earnings Conference Call
Positive
Record NAV Increase: 1. Record NAV Per Share: Main Street Capital achieved a record NAV per share of $30.57, marking a 2.6% increase from the previous quarter, driven by net fair value increases in the investment portfolio.
Return on Equity Performance: 2. Strong Return on Equity: The company reported an annualized return on equity of 18.8% for the third quarter, reflecting the strength of its investment strategies and portfolio performance.
Investment Income Surge: 3. Increased Investment Income: Total investment income for Q3 was $136.8 million, an 11% increase year-over-year, showcasing robust growth in interest and dividend income.
Supplemental Dividend Announcement: 4. Supplemental Dividend Declaration: The board declared a supplemental dividend of $0.30 per share, representing the 13th consecutive quarterly supplemental dividend, contributing to a total yield of approximately 8% for shareholders.
Private Loan Investment Surge: 5. Significant Private Loan Investments: Main Street Capital completed $309 million in total private loan investments during the quarter, resulting in a net increase of $163 million, highlighting strong demand and growth in this segment.
Negative
Non-Accrual Investment Rise: 1. Increased Non-Accruals: Investments on non-accrual status rose to approximately 1.4% of the total investment portfolio at fair value, indicating a decline in asset performance.
Dividend Income Decline: 2. Decline in Dividend Income: Dividend income decreased by $3.4 million, or 12.9%, from the second quarter, attributed to a $1.9 million decrease in unusual or non-recurring dividends.
Operating Expense Increase: 3. Operating Expense Growth: Operating expenses increased by $8.2 million from a year ago, primarily due to higher interest expenses and share-based compensation, impacting overall profitability.
Investment Activity Decline: 4. Lower Investment Activity: Total investments in the lower middle market portfolio were only $52 million, resulting in a net increase of just $2 million, which was below expectations for the quarter.
Fee Income Decline: 5. Pressure on Fee Income: Fee income decreased by $2.4 million from the second quarter, driven by lower closing fees on new and follow-on investments, reflecting a slowdown in investment activity.
MAIN FAQs
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MAIN Earning Call Sentiment
Main Street Capital (MAIN) Q3 2024 Earnings Conference Call Transcript
1.0x
00:00
00:00
MAIN.N
-0.75%Positive
The earnings call summary shows strong financial performance with increased investment income, interest income, and ROE. Despite some supply chain challenges and non-accrual investments, the company maintains a conservative leverage ratio and strong liquidity. The Q&A section highlights a positive pipeline outlook and manageable pricing pressures. The increase in dividends and a record NAV per share further support a positive sentiment. Given the company's market cap, a stock price increase of 2% to 8% is likely over the next two weeks.
