We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why Clear Secure (YOU) Fell More Than Broader Market
Read MoreHide Full Article
Clear Secure (YOU - Free Report) closed the most recent trading day at $37.07, moving -2.52% from the previous trading session. This change lagged the S&P 500's 0.55% loss on the day. Meanwhile, the Dow experienced a drop of 0.19%, and the technology-dominated Nasdaq saw a decrease of 0.95%.
The stock of airport security company has risen by 5.55% in the past month, lagging the Computer and Technology sector's gain of 9.88% and overreaching the S&P 500's gain of 3.64%.
Analysts and investors alike will be keeping a close eye on the performance of Clear Secure in its upcoming earnings disclosure. In that report, analysts expect Clear Secure to post earnings of $0.27 per share. This would mark a year-over-year decline of 10%. In the meantime, our current consensus estimate forecasts the revenue to be $225.02 million, indicating a 13.41% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.08 per share and revenue of $889.15 million, which would represent changes of -40% and +15.4%, respectively, from the prior year.
Any recent changes to analyst estimates for Clear Secure should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Clear Secure is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, Clear Secure currently has a Forward P/E ratio of 35.21. This indicates a premium in contrast to its industry's Forward P/E of 32.31.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 70, placing it within the top 29% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow YOU in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's Why Clear Secure (YOU) Fell More Than Broader Market
Clear Secure (YOU - Free Report) closed the most recent trading day at $37.07, moving -2.52% from the previous trading session. This change lagged the S&P 500's 0.55% loss on the day. Meanwhile, the Dow experienced a drop of 0.19%, and the technology-dominated Nasdaq saw a decrease of 0.95%.
The stock of airport security company has risen by 5.55% in the past month, lagging the Computer and Technology sector's gain of 9.88% and overreaching the S&P 500's gain of 3.64%.
Analysts and investors alike will be keeping a close eye on the performance of Clear Secure in its upcoming earnings disclosure. In that report, analysts expect Clear Secure to post earnings of $0.27 per share. This would mark a year-over-year decline of 10%. In the meantime, our current consensus estimate forecasts the revenue to be $225.02 million, indicating a 13.41% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.08 per share and revenue of $889.15 million, which would represent changes of -40% and +15.4%, respectively, from the prior year.
Any recent changes to analyst estimates for Clear Secure should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Clear Secure is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, Clear Secure currently has a Forward P/E ratio of 35.21. This indicates a premium in contrast to its industry's Forward P/E of 32.31.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 70, placing it within the top 29% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow YOU in the coming trading sessions, be sure to utilize Zacks.com.