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Clear Secure (YOU) Stock Sinks As Market Gains: Here's Why
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In the latest trading session, Clear Secure (YOU - Free Report) closed at $33.38, marking a -8.32% move from the previous day. This move lagged the S&P 500's daily gain of 0.41%. Meanwhile, the Dow experienced a rise of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.31%.
Coming into today, shares of the airport security company had gained 0.28% in the past month. In that same time, the Computer and Technology sector gained 7.63%, while the S&P 500 gained 3.15%.
Market participants will be closely following the financial results of Clear Secure in its upcoming release. The company is expected to report EPS of $0.27, down 10% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $225.02 million, up 13.41% from the prior-year quarter.
YOU's full-year Zacks Consensus Estimates are calling for earnings of $1.08 per share and revenue of $889.15 million. These results would represent year-over-year changes of -40% and +15.4%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Clear Secure. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Clear Secure currently has a Zacks Rank of #2 (Buy).
In the context of valuation, Clear Secure is at present trading with a Forward P/E ratio of 33.71. This denotes a premium relative to the industry average Forward P/E of 31.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 24% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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) Stock Sinks As Market Gains: Here's Why
In the latest trading session, Clear Secure (YOU - Free Report) closed at $33.38, marking a -8.32% move from the previous day. This move lagged the S&P 500's daily gain of 0.41%. Meanwhile, the Dow experienced a rise of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.31%.
Coming into today, shares of the airport security company had gained 0.28% in the past month. In that same time, the Computer and Technology sector gained 7.63%, while the S&P 500 gained 3.15%.
Market participants will be closely following the financial results of Clear Secure in its upcoming release. The company is expected to report EPS of $0.27, down 10% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $225.02 million, up 13.41% from the prior-year quarter.
YOU's full-year Zacks Consensus Estimates are calling for earnings of $1.08 per share and revenue of $889.15 million. These results would represent year-over-year changes of -40% and +15.4%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Clear Secure. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Clear Secure currently has a Zacks Rank of #2 (Buy).
In the context of valuation, Clear Secure is at present trading with a Forward P/E ratio of 33.71. This denotes a premium relative to the industry average Forward P/E of 31.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 24% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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.