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Research\nPublished on: 2022-12-08T14:00:07Z\n\nProspect Capital (PSEC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.\n\nArticle Content:\n\nPSEC Quick QuotePSEC\nProspect Capital (PSEC Quick QuotePSEC - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.\nOver the past month, shares of this business development company have returned -0.6%, compared to the Zacks S&P 500 composite's +3.5% change. During this period, the Zacks Financial - Investment Management industry, which Prospect Capital falls in, has gained 2.2%. The key question now is: What could be the stock's future direction?\nWhile media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.\nEarnings Estimate Revisions\nRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.\nWe essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.\nFor the current quarter, Prospect Capital is expected to post earnings of $0.26 per share, indicating a change of +18.2% from the year-ago quarter. The Zacks Consensus Estimate has changed +8.3% over the last 30 days.\nThe consensus earnings estimate of $1.01 for the current fiscal year indicates a year-over-year change of +24.7%. This estimate has changed +5.2% over the last 30 days.\nFor the next fiscal year, the consensus earnings estimate of $1.04 indicates a change of +3% from what Prospect Capital is expected to report a year ago. Over the past month, the estimate has changed +8.3%.\nHaving a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Prospect Capital is rated Zacks Rank #1 (Strong Buy).\nThe chart below shows the evolution of the company's forward 12-month consensus EPS estimate:\n12 Month EPS\nProjected Revenue Growth\nWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.\nFor Prospect Capital, the consensus sales estimate for the current quarter of $226.22 million indicates a year-over-year change of +29%. For the current and next fiscal years, $898.11 million and $929.83 million estimates indicate +26.3% and +3.5% changes, respectively.\nLast Reported Results and Surprise History\nProspect Capital reported revenues of $202.67 million in the last reported quarter, representing a year-over-year change of +19.6%. EPS of $0.25 for the same period compares with $0.21 a year ago.\nCompared to the Zacks Consensus Estimate of $195.6 million, the reported revenues represent a surprise of +3.62%. The EPS surprise was +25%.\nThe company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.\nValuation\nNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.\nComparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.\nThe Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.\nProspect Capital is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.\nConclusion\nThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Prospect Capital. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.\nProspect Capital Corporation (PSEC) - free report >>\nOur experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days.\nRecent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. See our report's 7 new picks today, absolutely FREE.\nThis page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc.\nAt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.96% per year. These returns cover a period from January 1, 1988 through October 2, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.\n\nSource: Zacks Investment Research\n", "timestamp_ms": 1670508007000, "published_utc": "2022-12-08T14:00:07Z", "article_url": "https://www.zacks.com/stock/news/2026727/here-is-what-to-know-beyond-why-prospect-capital-corporation-psec-is-a-trending-stock", "label_type": ["[1][c] Company-Specific News", "[2][a] Fundamental Analysis", "[2][c] Stock Recommendations"], "label_time": ["[2][b] Recent Trends (Past Few Weeks \u2013 Ongoing)", "[3][a] Short-Term Outlook (Next 3\u20136 months)"], "label_sentiment": ["[1][a] Bullish"]}, "trend": {"input_percentage_change": 1.8792676294640067, "input_bin_label": "-2% ~ +2%", "output_percentage_change": 0.6982340793189162, "output_bin_label": "-2% ~ +2%", "overall_percentage_change": -2.564102564102569, "overall_bin_label": "-2% ~ -4%"}, "technical": 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