Advan Notable Hits: Boyd Gaming, IMAX, Hilton & Monro

October 27, 2023 By Valantis Aristides Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (BYD:NYSE) On Tuesday October 24, 2023 Boyd Gaming Corporation (BYD) posted revenues of $903.16 mm surpassing the mean analyst estimate of $880.26 mm and in the same direction as Advan's forecasted sales. The revenue increased 2.3% YoY inline with Advan's foot traffic data increase of 13% YoY at its casinos in Q3 2023. Advan's footfall data has a correlation of 0.96 on a YoY basis with BYD's top-line revenue over the last 14 quarters.

Advan Hits: BYD correlation traffic vs revenue

Notable Hit 2: (IMAX:NYSE) On Wednesday October 15, 2023 IMAX Corporation (IMAX) posted revenues of $103.9 mm surpassing the mean analyst estimate of $91.4 mm and in the same direction as Advan's forecasted sales. The revenue increased 51.1% YoY inline with Advan's foot traffic data increase of 51% YoY at its movie theaters in Q3 2023 fiscal. Advan's footfall data has a correlation of 0.91 on a YoY basis with IMAX's top-line revenue over the last 15 quarters.

Advan Hits: IMAX correlation traffic vs revenue

Notable Hit 3: (HLT:NYSE) On Wednesday October 25, 2023 Hilton Worldwide Holdings Inc. (HLT) posted revenues of $2.67 bn surpassing the mean analyst estimate of $2.59 bn and in the same direction as Advan's forecasted sales. The revenue increased 12.9% YoY inline with Advan's foot traffic data increase of 20.3% YoY at its hotels and hotel chains in Q3 2023 fiscal. Advan's footfall data has a correlation of 0.91 on a YoY basis with HLT's top-line revenue over the last 15 quarters.

Advan Hits: HLT correlation traffic vs revenue

Notable Hit 4: (MNRO:NASDAQ) On Wednesday October 25, 2023 Monro, Inc. (MNRO) posted revenues of $322.09 mm missing the mean analyst estimate of $332.2 mm and in the same direction as Advan's forecasted sales. The revenue decreased 2.3% YoY inline with Advan's foot traffic data decrease of 14.9% YoY at its automotive repair locations in Q3 2023. Advan's footfall data has a correlation of 0.95 on a YoY basis with MNRO's top-line revenue over the last 15 quarters.

Advan Hits: MNRO correlation traffic vs revenue

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About Advan

Advan is the leader in the financial and real estate industries, enabling participants to analyze foot traffic data across multiple sectors, including retail, hospitality, consumer services, energy, technology, healthcare, REITS, financials and others. Advan derives its datasets using multi parameter models that analyze cellphone location data crossed with curated geofenced areas.

Top tier institutional investors spanning from quantitative hedge funds to fundamental asset managers have been the main consumers of Advan’s products.