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

CLEAR Secure

08/05/2024 12:54

* Clear Secure Inc  YOU.N  reported quarterly adjusted
earnings of
28 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 6
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 17 cents per share. Wall Street expected
results to range from 13 cents to 20 cents per share.
    * Revenue rose 35.3% to $179.05 million from a year ago;
analysts
expected $173.21 million. 
    * Clear Secure Inc's reported EPS for the quarter was 20
cents​.
    * The company reported quarterly net income of $18.81
million.
    * Clear Secure Inc shares had fallen by 15.0% this
quarter and
lost 11.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 41.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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." 
    * Wall Street's median 12-month price target for Clear
Secure Inc
is $22.00 

This summary was machine generated from LSEG data May 8 at 11:54
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
 Mar. 31 2024      0.17           0.28           Beat
 Dec. 31 2023      0.16           0.17           Beat
 Sep. 30 2023      0.11           0.21           Beat
 Jun. 30 2023      0.07           0.15           Beat