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Clear Secure (YOU) Suffers a Larger Drop Than the General Market: Key Insights
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Clear Secure (YOU - Free Report) ended the recent trading session at $18.75, demonstrating a -0.21% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.16%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, lost 0.18%.
The the stock of airport security company has risen by 12.05% in the past month, leading the Industrial Products sector's loss of 5.09% and the S&P 500's gain of 3.15%.
Investors will be eagerly watching for the performance of Clear Secure in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.26, reflecting a 73.33% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $183.79 million, up 22.63% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.09 per share and revenue of $749.93 million, indicating changes of +87.93% and +22.22%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Clear Secure. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Clear Secure presently features a Zacks Rank of #1 (Strong Buy).
Investors should also note Clear Secure's current valuation metrics, including its Forward P/E ratio of 17.24. This expresses a discount compared to the average Forward P/E of 21.49 of its industry.
The Security and Safety Services industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Clear Secure (YOU) Suffers a Larger Drop Than the General Market: Key Insights
Clear Secure (YOU - Free Report) ended the recent trading session at $18.75, demonstrating a -0.21% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.16%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, lost 0.18%.
The the stock of airport security company has risen by 12.05% in the past month, leading the Industrial Products sector's loss of 5.09% and the S&P 500's gain of 3.15%.
Investors will be eagerly watching for the performance of Clear Secure in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.26, reflecting a 73.33% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $183.79 million, up 22.63% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.09 per share and revenue of $749.93 million, indicating changes of +87.93% and +22.22%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Clear Secure. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Clear Secure presently features a Zacks Rank of #1 (Strong Buy).
Investors should also note Clear Secure's current valuation metrics, including its Forward P/E ratio of 17.24. This expresses a discount compared to the average Forward P/E of 21.49 of its industry.
The Security and Safety Services industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.