In the latest close session, Clear Secure (YOU) was up +2.07% at $54.65. This change outpaced the S&P 500's 0.38% gain on the day. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq added 0.62%.
The stock of airport security company has risen by 1.48% in the past month, leading the Computer and Technology sector's loss of 0.53% and undershooting the S&P 500's gain of 1.61%.
The upcoming earnings release of Clear Secure will be of great interest to investors. The company's upcoming EPS is projected at $0.44, signifying a 69.23% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $270.25 million, up 23.14% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.79 per share and a revenue of $1.1 billion, indicating changes of +59.82% and +22.22%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Clear Secure. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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 past month, there's been a 0.28% rise in the Zacks Consensus EPS estimate. Clear Secure is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, Clear Secure is currently exchanging hands at a Forward P/E ratio of 29.99. This signifies a premium in comparison to the average Forward P/E of 19.89 for its industry.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 38% of over 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.
To follow YOU in the coming trading sessions, be sure to utilize Zacks.com.
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CLEAR Secure, Inc. (YOU): Free Stock Analysis Report
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