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Clear Secure (YOU) Surpasses Market Returns: Some Facts Worth Knowing
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Clear Secure (YOU - Free Report) ended the recent trading session at $27.30, demonstrating a +1.45% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.8%. Elsewhere, the Dow gained 0.94%, while the tech-heavy Nasdaq added 0.97%.
The airport security company's shares have seen an increase of 10.47% over the last month, surpassing the Computer and Technology sector's gain of 8.5% and the S&P 500's gain of 5.12%.
Market participants will be closely following the financial results of Clear Secure in its upcoming release. It is anticipated that the company will report an EPS of $0.23, marking a 32.35% fall compared to the same quarter of the previous year. 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.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.94 per share and revenue of $878.42 million, which would represent changes of -47.78% and +14.01%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Clear Secure. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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, the Zacks Consensus EPS estimate has remained steady. Right now, Clear Secure possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Clear Secure has a Forward P/E ratio of 28.63 right now. This expresses a premium compared to the average Forward P/E of 28 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 48, placing it within the top 20% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Clear Secure (YOU) Surpasses Market Returns: Some Facts Worth Knowing
Clear Secure (YOU - Free Report) ended the recent trading session at $27.30, demonstrating a +1.45% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.8%. Elsewhere, the Dow gained 0.94%, while the tech-heavy Nasdaq added 0.97%.
The airport security company's shares have seen an increase of 10.47% over the last month, surpassing the Computer and Technology sector's gain of 8.5% and the S&P 500's gain of 5.12%.
Market participants will be closely following the financial results of Clear Secure in its upcoming release. It is anticipated that the company will report an EPS of $0.23, marking a 32.35% fall compared to the same quarter of the previous year. 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.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.94 per share and revenue of $878.42 million, which would represent changes of -47.78% and +14.01%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Clear Secure. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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, the Zacks Consensus EPS estimate has remained steady. Right now, Clear Secure possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Clear Secure has a Forward P/E ratio of 28.63 right now. This expresses a premium compared to the average Forward P/E of 28 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 48, placing it within the top 20% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.