Clear Secure Inc reports results for the quarter ended in December - Earnings Summary

CLEAR Secure

28/02/2024 12:01

* Clear Secure Inc  YOU.N  reported quarterly adjusted
earnings of
17 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 14 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 16 cents per share. Wall Street
expected results to range from 10 cents to 20 cents per share.
    * Revenue rose 33.3% to $170.97 million from a year ago;
analysts
expected $166.65 million. 
    * Clear Secure Inc's reported EPS for the quarter was 15
cents​.
    * The company reported quarterly net income of $13.98
million.
    * Clear Secure Inc shares had fallen by 10.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Clear Secure Inc
is $22.50 
This summary was machine generated from LSEG data February 28 at
12:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.16           0.17           Beat
 Sep. 30 2023      0.11           0.21           Beat
 Jun. 30 2023      0.07           0.15           Beat
 Mar. 31 2023      0.05           0.06           Beat