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Clear Secure (YOU) Advances While Market Declines: Some Information for Investors
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Clear Secure (YOU - Free Report) closed the most recent trading day at $52.76, moving +2.13% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.57%. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, lost 1.15%.
The airport security company's shares have seen a decrease of 12.71% over the last month, not keeping up with the Computer and Technology sector's gain of 2.85% and the S&P 500's gain of 2.14%.
The investment community will be closely monitoring the performance of Clear Secure in its forthcoming earnings report. The company's upcoming EPS is projected at $0.43, signifying a 65.38% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $270.16 million, indicating a 23.1% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.78 per share and revenue of $1.1 billion, indicating changes of +58.93% and +22.04%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Clear Secure should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Clear Secure boasts a Zacks Rank of #2 (Buy).
With respect to valuation, Clear Secure is currently being traded at a Forward P/E ratio of 29.02. Its industry sports an average Forward P/E of 18.65, so one might conclude that Clear Secure is trading at a premium comparatively.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 93, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Clear Secure (YOU) Advances While Market Declines: Some Information for Investors
Clear Secure (YOU - Free Report) closed the most recent trading day at $52.76, moving +2.13% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.57%. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, lost 1.15%.
The airport security company's shares have seen a decrease of 12.71% over the last month, not keeping up with the Computer and Technology sector's gain of 2.85% and the S&P 500's gain of 2.14%.
The investment community will be closely monitoring the performance of Clear Secure in its forthcoming earnings report. The company's upcoming EPS is projected at $0.43, signifying a 65.38% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $270.16 million, indicating a 23.1% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.78 per share and revenue of $1.1 billion, indicating changes of +58.93% and +22.04%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Clear Secure should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Clear Secure boasts a Zacks Rank of #2 (Buy).
With respect to valuation, Clear Secure is currently being traded at a Forward P/E ratio of 29.02. Its industry sports an average Forward P/E of 18.65, so one might conclude that Clear Secure is trading at a premium comparatively.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 93, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.