Clear Secure (YOU) ended the recent trading session at $35.44, demonstrating a +2.69% change from the preceding day's closing price. This change outpaced the S&P 500's 0.55% gain on the day. At the same time, the Dow added 0.63%, and the tech-heavy Nasdaq gained 0.91%.
The airport security company's stock has dropped by 4.67% in the past month, falling short of the Computer and Technology sector's gain of 0.04% and the S&P 500's gain of 0.71%.
Investors will be eagerly watching for the performance of Clear Secure in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.31, showcasing a 65.56% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $235.72 million, indicating a 14.28% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $1.13 per share and a revenue of $895.73 million, demonstrating changes of -37.22% and 0%, respectively, from the preceding year.
It is also important to note the recent changes to 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 shows that these estimate changes are directly correlated with near-term stock prices. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Clear Secure is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Clear Secure currently has a Forward P/E ratio of 24.3. This expresses a premium compared to the average Forward P/E of 23.12 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 73, finds itself in the top 30% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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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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