Why Clear Secure (YOU) Outpaced the Stock Market Today

Zacks
02-12

The latest trading session saw Clear Secure (YOU) ending at $23.13, denoting a +0.57% adjustment from its last day's close. This move outpaced the S&P 500's daily gain of 0.03%. At the same time, the Dow added 0.28%, and the tech-heavy Nasdaq lost 0.36%.

Coming into today, shares of the airport security company had lost 13.21% in the past month. In that same time, the Computer and Technology sector gained 2.31%, while the S&P 500 gained 4.19%.

The investment community will be paying close attention to the earnings performance of Clear Secure in its upcoming release. The company's upcoming EPS is projected at $0.28, signifying a 64.71% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $203.45 million, up 19% from the prior-year quarter.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Clear Secure. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Clear Secure is holding a Zacks Rank of #3 (Hold) right now.

Digging into valuation, Clear Secure currently has a Forward P/E ratio of 18.02. This denotes a discount relative to the industry's average Forward P/E of 30.99.

The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 73, this industry ranks in the top 30% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our 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.

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