Note: These figures reflect diluted GAAP earnings per share, reported before non-recurring items, and may differ from the non-GAAP figures used by some sources.
Part 2.1: Price Behavior Around Earnings
Clear Secure reports before the market opens, meaning Day 0 represents the first full trading session where investors can react to results, while Day +1 captures follow-through momentum.
| Earnings Date | Day 0 Move | Day 0 Range | Day +1 Move | Day +1 Range |
|---|---|---|---|---|
| 2026-05-06 | +$2.17 (+3.69%) | $7.92 (13.48%) | -$2.77 (-4.55%) | $5.17 (8.48%) |
| 2026-02-25 | +$13.04 (+38.96%) | $8.57 (25.60%) | +$0.61 (+1.31%) | $4.21 (9.05%) |
| 2025-11-06 | +$0.23 (+0.72%) | $4.93 (15.52%) | +$4.06 (+12.68%) | $5.09 (15.90%) |
| 2025-08-05 | +$1.85 (+6.17%) | $3.46 (11.54%) | +$0.67 (+2.10%) | $1.02 (3.20%) |
| 2025-05-08 | -$2.00 (-7.61%) | $1.52 (5.78%) | -$0.18 (-0.74%) | $1.27 (5.25%) |
| 2025-02-26 | -$1.54 (-6.48%) | $3.38 (14.20%) | +$0.32 (+1.44%) | $1.30 (5.84%) |
| 2024-11-07 | -$9.92 (-25.80%) | $3.16 (8.22%) | -$0.76 (-2.66%) | $1.01 (3.54%) |
| 2024-08-06 | +$4.71 (+24.19%) | $3.22 (16.56%) | +$0.24 (+0.99%) | $1.64 (6.79%) |
| Avg Abs Move | 14.20% | 13.86% | 3.31% | 7.26% |
Historical price action around Clear Secure earnings has been notably volatile, with an average absolute Day 0 move of 14.20% and an average Day 0 range of 13.86%. The direction has been mixed, with dramatic swings in both directions—including a 38.96% surge in February 2026 and a 25.80% decline in November 2024.
Day +1 follow-through has been more muted, averaging 3.31% with a 7.26% range, suggesting most of the price discovery occurs in the immediate reaction session. The most recent earnings release in May 2026 saw a 3.69% gain on Day 0 followed by a 4.55% decline on Day +1, indicating some profit-taking after the initial positive reaction. Investors should prepare for significant volatility, as the stock has demonstrated a tendency for double-digit percentage moves in the immediate aftermath of earnings.
Part 2.2: Options Market Expected Move
| Metric | Value |
|---|---|
| Expiration Date | 08/21/26 (DTE 17) |
| Expected Move | $7.35 (13.19%) |
| Expected Range | $48.38 to $63.08 |
| Implied Volatility | 86.08% |
The options market is pricing an expected move of 13.19% through the August 21st expiration, which aligns closely with the 14.20% average absolute Day 0 move observed historically. This suggests options traders are appropriately pricing in Clear Secure's typical earnings volatility, with the implied range of $48.38 to $63.08 capturing the stock's historical post-earnings behavior.
Part 3: What Analysts Are Saying
Analysts maintain a cautiously optimistic stance on Clear Secure, with a current average recommendation of 3.50 (between Hold and Buy) and a mean price target of $60.60. The consensus implies 8.74% upside from the current price of $55.73.
The analyst community is divided, with 2 Strong Buys, 1 Moderate Buy, 2 Holds, and 1 Strong Sell among the 6 analysts covering the stock. Price targets range from a low of $40.00 to a high of $70.00, reflecting divergent views on the company's growth trajectory and valuation.
Sentiment has deteriorated over the past month, with the average recommendation declining from 3.83 to 3.50. One analyst downgraded from Strong Buy to Moderate Buy during this period, while the Hold camp expanded from 1 to 2 analysts. This shift suggests some profit-taking or caution has emerged despite the company's solid execution, possibly reflecting valuation concerns after the stock's strong run above its long-term moving averages.
Part 4: Technical Picture
Clear Secure enters earnings with strengthening technical momentum. The Barchart Technical Opinion currently stands at 100% Buy, up sharply from 48% Buy one week ago and 80% Buy one month ago, indicating accelerating bullish sentiment.
Timeframe Analysis:
- Short-term (100% Buy): Strong buy signal indicates robust near-term momentum heading into the earnings release
- Medium-term (100% Buy): Bullish reading confirms strength across the intermediate timeframe
- Long-term (100% Buy): Strong buy signal reflects positive momentum in the longer-term trend structure
Trend Characteristics: The technical environment is characterized by Good strength with a Strengthening direction, suggesting favorable conditions for the stock heading into Wednesday's report.
The stock is trading at $55.73, positioned above its 10-day ($54.41), 20-day ($54.83), 50-day ($54.70), 100-day ($53.99), and 200-day ($44.88) moving averages, though slightly below the 5-day average ($56.12).
| Period | Value | Period | Value |
|---|---|---|---|
| 5-Day MA | $56.12 | 50-Day MA | $54.70 |
| 10-Day MA | $54.41 | 100-Day MA | $53.99 |
| 20-Day MA | $54.83 | 200-Day MA | $44.88 |
The alignment above all major moving averages except the very short-term 5-day provides a supportive technical backdrop for earnings. The 200-day moving average at $44.88 represents a significant cushion below current levels, suggesting the longer-term uptrend remains intact. However, the slight pullback below the 5-day average indicates some near-term consolidation ahead of the release. The overall technical setup is constructive, with the stock well-positioned to capitalize on a positive earnings surprise, though the recent strengthening of buy signals may have already priced in some optimism.