Clear Secure (YOU) Beats Q2 Earnings and Revenue Estimates

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]