Clear Secure (YOU) ended the recent trading session at $34.34, demonstrating a -1.91% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.41%. Elsewhere, the Dow saw a downswing of 0.83%, while the tech-heavy Nasdaq appreciated by 0.91%.
The airport security company's stock has dropped by 0.88% in the past month, falling short of the Computer and Technology sector's gain of 0.49% and the S&P 500's gain of 0.38%.
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. In the meantime, our current consensus estimate forecasts the revenue to be $235.72 million, indicating a 14.28% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.13 per share and revenue of $895.73 million, indicating changes of -37.22% and 0%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Clear Secure. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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, the Zacks Consensus EPS estimate remained stagnant. Clear Secure presently features a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Clear Secure is presently trading at a Forward P/E ratio of 24.66. This expresses a premium compared to the average Forward P/E of 24.04 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 78, this industry ranks in the top 32% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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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