Core Viewpoint - Clear Secure reported quarterly earnings of $0.34 per share, exceeding the Zacks Consensus Estimate of $0.26 per share, and showing a significant increase from $0.15 per share a year ago, representing an earnings surprise of 30.77% [1][2] Financial Performance - The company achieved revenues of $186.75 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.61%, and up from $149.87 million year-over-year [2] - Over the last four quarters, Clear Secure has consistently surpassed consensus EPS estimates and revenue estimates [2] Stock Performance - Clear Secure shares have declined approximately 5.7% since the beginning of the year, while the S&P 500 has gained 8.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.27 on revenues of $189.21 million, and for the current fiscal year, it is $1.09 on revenues of $749.93 million [7] - The trend of estimate revisions for Clear Secure is mixed, which may change following the recent earnings report [6] Industry Context - The Security and Safety Services industry, to which Clear Secure belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

NEW YORK, Aug. 6, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU), the secure identity company, has posted a shareholder letter containing its 2024 second quarter financial results on its Investor Relations website at https://ir.clearme.com. CLEAR will host a conference call to discuss those results at 8:00 AM (ET) today. Investors and analysts can access the live teleconference call by dialing toll-free 877-407-3089 for U.S. participants and +1 215-268-9854 for international participants. Listeners can ...

Core Insights - CLEAR Secure, Inc. announced the repurchase of 4,000,000 shares of Class A Common Stock in Q3 2024 through a block share purchase agreement with Delta Air Lines [1] - Delta Air Lines retains ownership of 4,277,958 shares of CLEAR's Class C Common Stock [1] - CLEAR's Board of Directors has authorized a $100 million increase to its existing Class A Common Stock share repurchase program, with approximately $100 million remaining available post-repurchase [2] Company Overview - CLEAR's mission is to create frictionless experiences, boasting over 22 million members and a growing network of partners globally [3] - The company emphasizes privacy, ensuring members control their own information and that member data is not sold [3] Partnership Insights - Delta Air Lines views CLEAR as an important partner that enhances the travel experience for its customers [2] - CLEAR's CEO highlighted the partnership with Delta as a significant factor in the company's growth since Delta was an early investor in 2016 [2]

NEW YORK, Aug. 2, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU) ("CLEAR" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.10 per share, payable on September 17, 2024 to holders of record of Class A Common Stock and Class B Common Stock as of the close of business on September 10, 2024. The Company will fund the payment of the quarterly dividend from proportionate cash distributions by its subsidiary. The declaration, timing and amo ...

The most recent trading session ended with Clear Secure (YOU) standing at $21.35, reflecting a -1.07% shift from the previouse trading day's closing. This change lagged the S&P 500's 1.08% gain on the day. On the other hand, the Dow registered a gain of 0.75%, and the technology-centric Nasdaq increased by 2.64%. Shares of the airport security company have appreciated by 12.51% over the course of the past month, outperforming the Industrial Products sector's gain of 4.04% and the S&P 500's loss of 0.44%. Th ...

Last Reported Results and Surprise History Clear Secure reported revenues of $179.05 million in the last reported quarter, representing a year-over-year change of +35.3%. EPS of $0.28 for the same period compares with $0.06 a year ago. Compared to the Zacks Consensus Estimate of $173.28 million, the reported revenues represent a surprise of +3.33%. The EPS surprise was +64.71%. The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each ...

NEW YORK, July 23, 2024 /PRNewswire/ -- Clear Secure, Inc. (NYSE: YOU), the secure identity company, today announced that it will report financial results for the second quarter ending June 30, 2024 at approximately 6:00 a.m. ET on Tuesday, August 6, 2024. At 8:00 a.m. ET, results will be discussed via live webcast and teleconference. Investors and analysts can access the live teleconference call by dialing toll-free 877-407-3089 for U.S. participants and +1-215-268-9854 for international participants. List ...

"CLEAR is excited to add Honolulu to its list of airport partners, joining Maui in bringing seamless, reliable travel experiences to passengers across the islands. We look forward to this partnership and the jobs and positive economic impact it will bring to the community," said CLEAR CEO Caryn Seidman Becker. Those who opt-in to CLEAR Plus can add up to three family members or friends to their account for $99 each. Family members under 18 years old can always join you in the CLEAR Lane for free. Beyond the ...

The airport security company's shares have seen an increase of 11.27% over the last month, surpassing the Industrial Products sector's gain of 6.64% and the S&P 500's gain of 4.43%. Investors should also note any recent changes to analyst estimates for Clear Secure. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. The ...

Clear Secure (YOU) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Earnings Estimate Revisions For the current quarter, Clear Secure is expected to post earnings of $0.26 per share, indicating a change of +73.3% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days. Having a strong externally audited track record, our pro ...