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Why Clear Secure (YOU) Dipped More Than Broader Market Today
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In the latest trading session, Clear Secure (YOU - Free Report) closed at $52.30, marking a -8.08% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.14%. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq decreased by 0.57%.
The airport security company's shares have seen an increase of 7.91% over the last month, surpassing the Computer and Technology sector's loss of 4.82% and the S&P 500's gain of 0.25%.
Market participants will be closely following the financial results of Clear Secure in its upcoming release. On that day, Clear Secure is projected to report earnings of $0.44 per share, which would represent year-over-year growth of 69.23%. At the same time, our most recent consensus estimate is projecting a revenue of $270.25 million, reflecting a 23.14% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.79 per share and revenue of $1.1 billion. These totals would mark changes of +59.82% and +22.22%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Clear Secure. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.28% higher. Currently, Clear Secure is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Clear Secure is currently being traded at a Forward P/E ratio of 31.88. This represents a premium compared to its industry average Forward P/E of 19.55.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 104, placing it within the top 43% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Why Clear Secure (YOU) Dipped More Than Broader Market Today
In the latest trading session, Clear Secure (YOU - Free Report) closed at $52.30, marking a -8.08% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.14%. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq decreased by 0.57%.
The airport security company's shares have seen an increase of 7.91% over the last month, surpassing the Computer and Technology sector's loss of 4.82% and the S&P 500's gain of 0.25%.
Market participants will be closely following the financial results of Clear Secure in its upcoming release. On that day, Clear Secure is projected to report earnings of $0.44 per share, which would represent year-over-year growth of 69.23%. At the same time, our most recent consensus estimate is projecting a revenue of $270.25 million, reflecting a 23.14% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.79 per share and revenue of $1.1 billion. These totals would mark changes of +59.82% and +22.22%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Clear Secure. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.28% higher. Currently, Clear Secure is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Clear Secure is currently being traded at a Forward P/E ratio of 31.88. This represents a premium compared to its industry average Forward P/E of 19.55.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 104, placing it within the top 43% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.