In the latest close session, Clear Secure (YOU) was up +1.15% at $56.12. The stock exceeded the S&P 500, which registered a gain of 0.81% for the day. On the other hand, the Dow registered a gain of 0.27%, and the technology-centric Nasdaq increased by 1.3%.
Shares of the airport security company have appreciated by 6.75% over the course of the past month, outperforming the Computer and Technology sector's loss of 1.59%, and the S&P 500's gain of 1.13%.
The investment community will be closely monitoring the performance of Clear Secure in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.44, reflecting a 69.23% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $270.25 million, showing a 23.14% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $1.79 per share and a revenue of $1.1 billion, demonstrating changes of +59.82% and +22.22%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Clear Secure. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.28% upward. Clear Secure presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Clear Secure is at present trading with a Forward P/E ratio of 31.08. This valuation marks a premium compared to its industry average Forward P/E of 19.31.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 90, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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CLEAR Secure, Inc. (YOU): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).