In the latest close session, Clear Secure (YOU) was up +2.72% at $39.60. This move outpaced the S&P 500's daily gain of 0.51%. At the same time, the Dow added 0.93%, and the tech-heavy Nasdaq gained 0.48%.
Coming into today, shares of the airport security company had lost 12.64% in the past month. In that same time, the Computer and Technology sector gained 6.54%, while the S&P 500 gained 0.74%.
Market participants will be closely following the financial results of Clear Secure in its upcoming release. The company's earnings per share (EPS) are projected to be $0.56, reflecting a 93.1% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $286.49 million, up 25% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.2 per share and revenue of $1.11 billion. These totals would mark changes of +96.43% and +23.1%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Clear Secure is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Clear Secure has a Forward P/E ratio of 17.52 right now. This indicates a discount in contrast to its industry's Forward P/E of 19.18.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 91, which puts it in the top 37% of all 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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CLEAR Secure, Inc. (YOU): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).