Clear Secure (YOU) closed at $36.43 in the latest trading session, marking a +1.7% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.01%. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq lost 0.44%.
Heading into today, shares of the airport security company had gained 0.14% over the past month, outpacing the Computer and Technology sector's loss of 0.69% and lagging the S&P 500's gain of 0.86%.
Investors will be eagerly watching for the performance of Clear Secure in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.31, signifying a 65.56% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $235.72 million, indicating a 14.28% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.13 per share and a revenue of $895.73 million, representing changes of -37.22% and 0%, respectively, from the prior 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. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 2.65% rise in the Zacks Consensus EPS estimate. Clear Secure is currently a Zacks Rank #1 (Strong Buy).
Investors should also note Clear Secure's current valuation metrics, including its Forward P/E ratio of 25.23. Its industry sports an average Forward P/E of 25.1, 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 55, placing it within the top 23% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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CLEAR Secure, Inc. (YOU): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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