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Clear Secure (YOU) Advances While Market Declines: Some Information for Investors
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Clear Secure (YOU - Free Report) closed the most recent trading day at $25.14, moving +2.11% from the previous trading session. This change outpaced the S&P 500's 0.22% loss on the day. Meanwhile, the Dow gained 0.08%, and the Nasdaq, a tech-heavy index, lost 0.51%.
The airport security company's shares have seen a decrease of 3.19% over the last month, not keeping up with the Computer and Technology sector's gain of 2.98% and the S&P 500's gain of 0.45%.
Analysts and investors alike will be keeping a close eye on the performance of Clear Secure in its upcoming earnings disclosure. On that day, Clear Secure is projected to report earnings of $0.23 per share, which would represent a year-over-year decline of 32.35%. In the meantime, our current consensus estimate forecasts the revenue to be $214.72 million, indicating a 14.98% growth compared to the corresponding quarter of the prior year.
YOU's full-year Zacks Consensus Estimates are calling for earnings of $0.94 per share and revenue of $878.42 million. These results would represent year-over-year changes of -47.78% and +14.01%, respectively.
It is also important to note the recent changes to analyst estimates for Clear Secure. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Clear Secure currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Clear Secure is currently trading at a Forward P/E ratio of 26.19. Its industry sports an average Forward P/E of 27.94, so one might conclude that Clear Secure is trading at a discount comparatively.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 52, positioning it in the top 22% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Clear Secure (YOU) Advances While Market Declines: Some Information for Investors
Clear Secure (YOU - Free Report) closed the most recent trading day at $25.14, moving +2.11% from the previous trading session. This change outpaced the S&P 500's 0.22% loss on the day. Meanwhile, the Dow gained 0.08%, and the Nasdaq, a tech-heavy index, lost 0.51%.
The airport security company's shares have seen a decrease of 3.19% over the last month, not keeping up with the Computer and Technology sector's gain of 2.98% and the S&P 500's gain of 0.45%.
Analysts and investors alike will be keeping a close eye on the performance of Clear Secure in its upcoming earnings disclosure. On that day, Clear Secure is projected to report earnings of $0.23 per share, which would represent a year-over-year decline of 32.35%. In the meantime, our current consensus estimate forecasts the revenue to be $214.72 million, indicating a 14.98% growth compared to the corresponding quarter of the prior year.
YOU's full-year Zacks Consensus Estimates are calling for earnings of $0.94 per share and revenue of $878.42 million. These results would represent year-over-year changes of -47.78% and +14.01%, respectively.
It is also important to note the recent changes to analyst estimates for Clear Secure. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Clear Secure currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Clear Secure is currently trading at a Forward P/E ratio of 26.19. Its industry sports an average Forward P/E of 27.94, so one might conclude that Clear Secure is trading at a discount comparatively.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 52, positioning it in the top 22% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.