Recap: Main Street Capital Q1 Earnings - Main Street Capital (NYSE:MAIN)

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.

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.

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

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).

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.