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Clear Secure (YOU) Declines More Than Market: Some Information for Investors
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In the latest close session, Clear Secure (YOU - Free Report) was down 2.29% at $51.97. The stock's change was less than the S&P 500's daily loss of 1.62%. Meanwhile, the Dow lost 1.87%, and the Nasdaq, a tech-heavy index, lost 1.98%.
The stock of airport security company has fallen by 7.72% in the past month, lagging the Computer and Technology sector's loss of 0.74% and the S&P 500's loss of 0.03%.
The investment community will be paying close attention to the earnings performance of Clear Secure in its upcoming release. The company's upcoming EPS is projected at $0.43, signifying a 65.38% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $270.16 million, up 23.1% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.78 per share and revenue of $1.1 billion, which would represent changes of +58.93% and +22.04%, respectively, from the prior year.
It is also important to note the recent changes 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. At present, Clear Secure boasts a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Clear Secure has a Forward P/E ratio of 29.88 right now. This denotes a premium relative to the industry average Forward P/E of 18.47.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 84, this industry ranks in the top 35% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Clear Secure (YOU) Declines More Than Market: Some Information for Investors
In the latest close session, Clear Secure (YOU - Free Report) was down 2.29% at $51.97. The stock's change was less than the S&P 500's daily loss of 1.62%. Meanwhile, the Dow lost 1.87%, and the Nasdaq, a tech-heavy index, lost 1.98%.
The stock of airport security company has fallen by 7.72% in the past month, lagging the Computer and Technology sector's loss of 0.74% and the S&P 500's loss of 0.03%.
The investment community will be paying close attention to the earnings performance of Clear Secure in its upcoming release. The company's upcoming EPS is projected at $0.43, signifying a 65.38% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $270.16 million, up 23.1% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.78 per share and revenue of $1.1 billion, which would represent changes of +58.93% and +22.04%, respectively, from the prior year.
It is also important to note the recent changes 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. At present, Clear Secure boasts a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Clear Secure has a Forward P/E ratio of 29.88 right now. This denotes a premium relative to the industry average Forward P/E of 18.47.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 84, this industry ranks in the top 35% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.