CLEAR Secure (YOU) Q3 earnings report preview: what to look for

Identity verification company CLEAR Secure (NYSE:YOU) will be announcing earnings results this Wednesday morning. Here’s what you need to know.

CLEAR Secure beat analysts’ revenue expectations last quarter, reporting revenues of $277.8 million, up 26.6% year on year. It was a very strong quarter for the company, with revenue guidance for next quarter beating analysts’ expectations.

Is CLEAR Secure a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting CLEAR Secure’s revenue to grow 25.1% year on year, improving from the 15.5% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. CLEAR Secure has a history of exceeding Wall Street’s expectations.

Looking at CLEAR Secure’s peers in the data and analytics software segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Palantir Technologies delivered year-on-year revenue growth of 95.9%, beating analysts’ expectations by 5.9%, and Strategy reported a revenue decline of 2.5%, falling short of estimates by 1.4%. Strategy traded down 7.8% following the results.

Read our full analysis of Palantir Technologies’s results here and Strategy’s results here.

There has been positive sentiment among investors in the data and analytics software segment, with share prices up 4.2% on average over the last month. CLEAR Secure is up 15% during the same time and is heading into earnings with an average analyst price target of $58.17 (compared to the current share price of $47.45).

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