In the latest trading session, Clear Secure (YOU) closed at $52.05, marking a +1.86% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.26%. Elsewhere, the Dow gained 0.24%, while the tech-heavy Nasdaq added 0.36%.
The airport security company's shares have seen an increase of 5.27% over the last month, not keeping up with the Computer and Technology sector's gain of 9.34% and the S&P 500's gain of 5.98%.
Investors will be eagerly watching for the performance of Clear Secure in its upcoming earnings disclosure. On that day, Clear Secure is projected to report earnings of $0.35 per share, which would represent year-over-year growth of 9.38%. Meanwhile, the latest consensus estimate predicts the revenue to be $244.73 million, indicating a 15.78% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.61 per share and a revenue of $1.05 billion, signifying shifts of +43.75% and +16.44%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Clear Secure. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Clear Secure presently features a Zacks Rank of #2 (Buy).
Looking at valuation, Clear Secure is presently trading at a Forward P/E ratio of 31.67. This signifies a premium in comparison to the average Forward P/E of 18.83 for its industry.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 89, finds itself in the top 37% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CLEAR Secure, Inc. (YOU): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).