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Clear Secure, Inc. (YOU)
:YOU
Holding YOU?
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.29Last Year’s EPS
0.17Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 15, 2021
|% Change Since: -31.97%
|Next Earnings Date:Aug 16, 2021
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong bookings growth, increased membership, successful price adjustments, and expansion of TSA PreCheck services. However, there were minor challenges related to the impact of price increases on family memberships and seasonality issues affecting net adds.Company Guidance
During the CLEAR Q3 2024 earnings call, the company announced several key metrics and strategic initiatives that highlight its ongoing growth and innovation. CLEAR has achieved over 27 million cumulative enrollments, with expectations to reach 30 million members by the year's end. The company's TSA PreCheck enrollment is now live in 62 locations, contributing to a bookings growth rate that accelerated this quarter, with incremental operating income margins of 63% and incremental EBITDA margins of 50%. CLEAR's gross dollar retention increased to 89%, up 100 basis points year-over-year, reflecting the value delivered through an expanded network and member perks. The company anticipates Q4 revenue between $202 million and $204 million, with total bookings ranging from $224 million to $226 million. CLEAR also projects 2024 free cash flow to be at least $280 million, a 40% increase year-over-year. These metrics underscore CLEAR's commitment to enhancing the member experience, expanding its TSA PreCheck and CLEAR Verified services, and driving financial performance.Strong Bookings Growth
Third quarter bookings growth accelerated, driven by improvements in airport channel, pricing, strong retention, and increased contribution from PreCheck and ClearVerifi.
Increase in Membership
Total cumulative enrollments are now over 27 million, up by 2.2 million in the quarter. Active CLEAR Plus members grew by 55,000 in the quarter.
Successful Price Increase
Retention was better than expected, with gross dollar retention at 89%, up 100 basis points year-over-year. The August price increase positively impacted dollar retention rates.
Expansion of TSA PreCheck
TSA PreCheck enrollment is scaling, now live in 62 locations, including airports and Staples locations. Plans to expand further to over 75 locations by year-end.
Increase in Free Cash Flow
Expected free cash flow for 2024 is at least $280 million, up 40% year-over-year.
New Partnerships
Announced partnerships with companies like Uber, Home Depot, and channel partnerships like Okta, indicating strong growth potential in the Verified segment.
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YOU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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YOU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $38.28 | $28.40 | -25.81% |
| Aug 06, 2024 | $19.32 | $23.99 | +24.17% |
| May 08, 2024 | $17.84 | $16.95 | -4.99% |
| Feb 28, 2024 | $17.90 | $18.08 | +1.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Clear Secure, Inc. (YOU) report earnings?
Clear Secure, Inc. (YOU) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Clear Secure, Inc. (YOU) earnings time?
Clear Secure, Inc. (YOU) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is YOU EPS forecast?
YOU EPS forecast for the fiscal quarter 2024 (Q4) is 0.29.
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