Clear Secure Inc reports results for the quarter ended June 30 - Earnings Summary

• Clear Secure Inc YOU reported quarterly adjusted earnings of 26 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 34 cents. The mean expectation of eight analysts for the quarter was for earnings of 24 cents per share. Wall Street expected results to range from 21 cents to 31 cents per share.

• Revenue rose 17.5% to $219.47 million from a year ago; analysts expected $214.90 million.

• Clear Secure Inc's reported EPS for the quarter was 26 cents​.

• The company reported quarterly net income of $24.72 million.

• Clear Secure Inc shares had risen by 8.0% this quarter and gained 13.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 26.6% 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 "buy."

• Wall Street's median 12-month price target for Clear Secure Inc is $28.00, about 7.1% below its last closing price of $29.99

This summary was machine generated from LSEG data August 5 at 11:01 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)