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CLEAR Secure, Inc. (YOU) Hit a 52 Week High, Can the Run Continue?
Clear SecureClear Secure(US:YOU) ZACKSยท2024-08-14 14:16

Company Performance - Clear Secure's shares have increased by 29.7% over the past month, reaching a new 52-week high of $26.96 [1] - Year-to-date, the stock has gained 29.6%, outperforming the Zacks Industrial Products sector's 4.1% and the Zacks Security and Safety Services industry's 18.2% [1] Earnings and Revenue Expectations - Clear Secure has consistently exceeded earnings estimates, reporting an EPS of $0.34 against a consensus estimate of $0.26 in its last earnings report [2] - For the current fiscal year, the company is projected to achieve earnings of $1.29 per share on revenues of $759.48 million, reflecting a 122.41% increase in EPS and a 23.78% increase in revenues [3] - The next fiscal year is expected to see earnings of $1.54 per share on revenues of $876.65 million, indicating year-over-year changes of 19.89% and 15.43%, respectively [3] Valuation Metrics - Clear Secure's current valuation metrics show a trading multiple of 20.8X current fiscal year EPS estimates, below the peer industry average of 22.3X [7] - On a trailing cash flow basis, the stock trades at 101.2X compared to the peer group's average of 16.1X, suggesting it may not be positioned among the top value stocks [7] Zacks Rank and Style Scores - Clear Secure holds a Zacks Rank of 1 (Strong Buy) due to favorable earnings estimate revisions from analysts [8] - The company has a Value Score of D, while its Growth and Momentum Scores are both A, resulting in a combined VGM Score of B [6] Industry Comparison - The Security and Safety Services industry is performing well, ranking in the top 32% of all industries, providing a favorable environment for both Clear Secure and its peer, Allegion PLC [12] - Allegion PLC has a Zacks Rank of 2 (Buy) and is expected to post earnings of $7.16 per share on revenues of $3.74 billion for the current fiscal year [10][11]