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) Declines More Than Market: Some Information for Investors
Read MoreHide Full Article
In the latest close session, Clear Secure (YOU - Free Report) was down 3.18% at $31.67. The stock trailed the S&P 500, which registered a daily loss of 0.84%. Elsewhere, the Dow lost 0.34%, while the tech-heavy Nasdaq lost 1.43%.
The airport security company's stock has dropped by 7.83% in the past month, falling short of the Computer and Technology sector's gain of 1.75% and the S&P 500's gain of 1.8%.
Investors will be eagerly watching for the performance of Clear Secure in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.31, marking a 65.56% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $235.72 million, indicating a 14.28% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.13 per share and revenue of $895.73 million, which would represent changes of -37.22% and 0%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Clear Secure. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Clear Secure possesses a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Clear Secure is holding a Forward P/E ratio of 23.03. This valuation marks a premium compared to its industry average Forward P/E of 22.25.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 89, this industry ranks in the top 37% of all industries, numbering over 250.
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.
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
Clear Secure (YOU) Declines More Than Market: Some Information for Investors
In the latest close session, Clear Secure (YOU - Free Report) was down 3.18% at $31.67. The stock trailed the S&P 500, which registered a daily loss of 0.84%. Elsewhere, the Dow lost 0.34%, while the tech-heavy Nasdaq lost 1.43%.
The airport security company's stock has dropped by 7.83% in the past month, falling short of the Computer and Technology sector's gain of 1.75% and the S&P 500's gain of 1.8%.
Investors will be eagerly watching for the performance of Clear Secure in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.31, marking a 65.56% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $235.72 million, indicating a 14.28% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.13 per share and revenue of $895.73 million, which would represent changes of -37.22% and 0%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Clear Secure. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Clear Secure possesses a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Clear Secure is holding a Forward P/E ratio of 23.03. This valuation marks a premium compared to its industry average Forward P/E of 22.25.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 89, this industry ranks in the top 37% of all industries, numbering over 250.
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.
To follow YOU in the coming trading sessions, be sure to utilize Zacks.com.