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Prospect Capital (PSEC) Stock Moves -0.6%: What You Should Know

Zacks Equity Research
·3-min read

Prospect Capital (PSEC) closed at $6.67 in the latest trading session, marking a -0.6% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.37%. Meanwhile, the Dow lost 1.35%, and the Nasdaq, a tech-heavy index, lost 0.24%.

Heading into today, shares of the business development company had lost 9.32% over the past month, lagging the Finance sector's loss of 6.57% and the S&P 500's loss of 6.51% in that time.

Wall Street will be looking for positivity from Prospect Capital as it approaches its next earnings report date. The company is expected to report EPS of $0.20, down 4.76% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $195.6 million, up 15.42% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $0.96 per share and revenue of $855.03 million, which would represent changes of +18.52% and +20.27%, respectively, from the prior year.

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It is also important to note the recent changes to analyst estimates for Prospect Capital. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Prospect Capital is currently a Zacks Rank #1 (Strong Buy).

Investors should also note Prospect Capital's current valuation metrics, including its Forward P/E ratio of 6.99. This valuation marks a discount compared to its industry's average Forward P/E of 8.98.

The Financial - Investment Management industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 173, which puts it in the bottom 32% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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Zacks Investment Research