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.
Clear Secure (YOU) Exceeds Market Returns: Some Facts to Consider
Read MoreHide Full Article
Clear Secure (YOU - Free Report) closed at $34.13 in the latest trading session, marking a +1.13% move from the prior day. This change outpaced the S&P 500's 0.26% gain on the day. At the same time, the Dow added 0.6%, and the tech-heavy Nasdaq gained 0.25%.
Prior to today's trading, shares of the airport security company had lost 14.01% lagged the Computer and Technology sector's gain of 1.58% and the S&P 500's gain of 1.57%.
The investment community will be closely monitoring the performance of Clear Secure in its forthcoming earnings report. On that day, Clear Secure is projected to report earnings of $0.31 per share, which would represent a year-over-year decline of 65.56%. Our most recent consensus estimate is calling for quarterly revenue of $235.72 million, up 14.28% from the year-ago period.
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.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Clear Secure. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Clear Secure is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, Clear Secure is presently being traded at a Forward P/E ratio of 23.77. This expresses a premium compared to the average Forward P/E of 23.72 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Clear Secure (YOU) Exceeds Market Returns: Some Facts to Consider
Clear Secure (YOU - Free Report) closed at $34.13 in the latest trading session, marking a +1.13% move from the prior day. This change outpaced the S&P 500's 0.26% gain on the day. At the same time, the Dow added 0.6%, and the tech-heavy Nasdaq gained 0.25%.
Prior to today's trading, shares of the airport security company had lost 14.01% lagged the Computer and Technology sector's gain of 1.58% and the S&P 500's gain of 1.57%.
The investment community will be closely monitoring the performance of Clear Secure in its forthcoming earnings report. On that day, Clear Secure is projected to report earnings of $0.31 per share, which would represent a year-over-year decline of 65.56%. Our most recent consensus estimate is calling for quarterly revenue of $235.72 million, up 14.28% from the year-ago period.
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.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Clear Secure. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Clear Secure is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, Clear Secure is presently being traded at a Forward P/E ratio of 23.77. This expresses a premium compared to the average Forward P/E of 23.72 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the 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.