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Clear Secure (YOU) Dips More Than Broader Market: What You Should Know
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In the latest close session, Clear Secure (YOU - Free Report) was down 11.16% at $47.44. This change lagged the S&P 500's daily loss of 1.67%. Meanwhile, the Dow experienced a drop of 1.73%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Heading into today, shares of the airport security company had gained 13.33% over the past month, outpacing the Computer and Technology sector's loss of 7.41% and the S&P 500's loss of 6.15%.
Analysts and investors alike will be keeping a close eye on the performance of Clear Secure in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.35, signifying a 9.38% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $244.73 million, indicating a 15.78% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.61 per share and a revenue of $1.05 billion, demonstrating changes of +43.75% and +16.44%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Clear Secure. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 13.61% higher within the past month. Currently, Clear Secure is carrying a Zacks Rank of #2 (Buy).
In terms of valuation, Clear Secure is currently trading at a Forward P/E ratio of 33.1. This represents a premium compared to its industry average Forward P/E of 18.62.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 156, positioning it in the bottom 37% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Clear Secure (YOU) Dips More Than Broader Market: What You Should Know
In the latest close session, Clear Secure (YOU - Free Report) was down 11.16% at $47.44. This change lagged the S&P 500's daily loss of 1.67%. Meanwhile, the Dow experienced a drop of 1.73%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Heading into today, shares of the airport security company had gained 13.33% over the past month, outpacing the Computer and Technology sector's loss of 7.41% and the S&P 500's loss of 6.15%.
Analysts and investors alike will be keeping a close eye on the performance of Clear Secure in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.35, signifying a 9.38% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $244.73 million, indicating a 15.78% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.61 per share and a revenue of $1.05 billion, demonstrating changes of +43.75% and +16.44%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Clear Secure. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 13.61% higher within the past month. Currently, Clear Secure is carrying a Zacks Rank of #2 (Buy).
In terms of valuation, Clear Secure is currently trading at a Forward P/E ratio of 33.1. This represents a premium compared to its industry average Forward P/E of 18.62.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 156, positioning it in the bottom 37% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.