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Why the Market Dipped But Clear Secure (YOU) Gained Today
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In the latest trading session, Clear Secure (YOU - Free Report) closed at $42.58, marking a +2.6% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.22%. At the same time, the Dow lost 0.66%, and the tech-heavy Nasdaq lost 0.22%.
The airport security company's stock has dropped by 4.82% in the past month, falling short of the Computer and Technology sector's gain of 6.54% and the S&P 500's gain of 1.4%.
Market participants will be closely following the financial results of Clear Secure in its upcoming release. The company is expected to report EPS of $0.56, up 93.1% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $286.49 million, indicating a 25% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $2.2 per share and a revenue of $1.11 billion, demonstrating changes of +96.43% and +23.1%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Clear Secure. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Clear Secure holds a Zacks Rank of #3 (Hold).
In terms of valuation, Clear Secure is presently being traded at a Forward P/E ratio of 18.86. This represents a discount compared to its industry average Forward P/E of 20.09.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 104, finds itself in the top 43% echelons of all 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Why the Market Dipped But Clear Secure (YOU) Gained Today
In the latest trading session, Clear Secure (YOU - Free Report) closed at $42.58, marking a +2.6% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.22%. At the same time, the Dow lost 0.66%, and the tech-heavy Nasdaq lost 0.22%.
The airport security company's stock has dropped by 4.82% in the past month, falling short of the Computer and Technology sector's gain of 6.54% and the S&P 500's gain of 1.4%.
Market participants will be closely following the financial results of Clear Secure in its upcoming release. The company is expected to report EPS of $0.56, up 93.1% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $286.49 million, indicating a 25% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $2.2 per share and a revenue of $1.11 billion, demonstrating changes of +96.43% and +23.1%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Clear Secure. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Clear Secure holds a Zacks Rank of #3 (Hold).
In terms of valuation, Clear Secure is presently being traded at a Forward P/E ratio of 18.86. This represents a discount compared to its industry average Forward P/E of 20.09.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 104, finds itself in the top 43% echelons of all 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.
You can find more information on all of these metrics, and much more, on Zacks.com.