Clear Secure (YOU) closed the most recent trading day at $50.41, moving -4.2% from the previous trading session. This change lagged the S&P 500's 2.51% gain on the day. At the same time, the Dow added 2.85%, and the tech-heavy Nasdaq gained 2.8%.
Heading into today, shares of the airport security company had gained 14.69% over the past month, outpacing the Computer and Technology sector's loss of 0.84% and the S&P 500's loss of 1.66%.
The upcoming earnings release of Clear Secure will be of great interest to investors. The company's upcoming EPS is projected at $0.35, signifying a 9.38% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $244.73 million, reflecting a 15.78% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.61 per share and revenue of $1.05 billion, which would represent changes of +43.75% and +16.44%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Clear Secure. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Clear Secure currently has a Zacks Rank of #2 (Buy).
Investors should also note Clear Secure's current valuation metrics, including its Forward P/E ratio of 32.62. Its industry sports an average Forward P/E of 19.14, so one might conclude that Clear Secure is trading at a premium comparatively.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 140, placing it within the bottom 43% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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).