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Clear Secure (YOU) Increases Despite Market Slip: Here's What You Need to Know
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Clear Secure (YOU - Free Report) closed the most recent trading day at $43.52, moving +2.5% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.02%. Meanwhile, the Dow lost 0.35%, and the Nasdaq, a tech-heavy index, lost 0.15%.
Coming into today, shares of the airport security company had gained 0.52% in the past month. In that same time, the Computer and Technology sector gained 3.58%, while the S&P 500 gained 2.05%.
Investors will be eagerly watching for the performance of Clear Secure in its upcoming earnings disclosure. 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.
YOU's full-year Zacks Consensus Estimates are calling for earnings of $2.2 per share and revenue of $1.11 billion. These results would represent year-over-year changes of +96.43% and +23.1%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Clear Secure is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Clear Secure is currently trading at a Forward P/E ratio of 19.3. This indicates a discount in contrast to its industry's Forward P/E of 20.7.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 79, finds itself in the top 33% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
View the Zacks #1 Rank List
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Clear Secure (YOU) Increases Despite Market Slip: Here's What You Need to Know
Clear Secure (YOU - Free Report) closed the most recent trading day at $43.52, moving +2.5% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.02%. Meanwhile, the Dow lost 0.35%, and the Nasdaq, a tech-heavy index, lost 0.15%.
Coming into today, shares of the airport security company had gained 0.52% in the past month. In that same time, the Computer and Technology sector gained 3.58%, while the S&P 500 gained 2.05%.
Investors will be eagerly watching for the performance of Clear Secure in its upcoming earnings disclosure. 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.
YOU's full-year Zacks Consensus Estimates are calling for earnings of $2.2 per share and revenue of $1.11 billion. These results would represent year-over-year changes of +96.43% and +23.1%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Clear Secure is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Clear Secure is currently trading at a Forward P/E ratio of 19.3. This indicates a discount in contrast to its industry's Forward P/E of 20.7.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 79, finds itself in the top 33% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.