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

CLEAR Secure

06/08/2024 12:51

* Clear Secure Inc  YOU.N  reported quarterly adjusted
earnings of
34 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 15
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 26 cents per share. Wall Street expected
results to range from 24 cents to 27 cents per share.
    * Revenue rose 24.6% to $186.75 million from a year ago;
analysts
expected $183.81 million. 
    * Clear Secure Inc's reported EPS for the quarter was 26
cents​.
    * The company reported quarterly net income of $24.12
million.
    * Clear Secure Inc shares had risen by 4.1% this quarter and
lost 4.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 23% 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 $20.00 
This summary was machine generated from LSEG data August 6 at
11:51 a.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
 Jun. 30 2024      0.26           0.34           Beat
 Mar. 31 2024      0.17           0.28           Beat
 Dec. 31 2023      0.16           0.17           Beat
 Sep. 30 2023      0.11           0.21           Beat