Advan Notable Hits: Caesars Entertainment, Inc. (CZR) & Planet Fitness, Inc. (PLNT)

February 23, 2024 By Valantis Aristides Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (CZR:NASDAQ) On Tuesday February 20, 2024 Caesars Entertainment, Inc. (CZR) posted revenues of $2.85 bn slightly missing the analysts estimate by 0.8% and in the same direction as Advan's forecasted sales. Advan's data showed a 0.6% increase YoY in foot traffic at its resorts in Q4 2023; the company's revenue increased 0.1% YoY. Advan's footfall data has a correlation of 0.96 on a YoY basis with CZR's top-line revenue over the last 16 quarters.

Advan Hits: CZR correlation traffic vs revenue

Notable Hit 2: (PLNT:NYSE) On Thursday February 22, 2024 Planet Fitness, Inc. (PLNT) posted revenues of $285.1 mm surpassing the analysts estimate by 2.1% and in the same direction as Advan's forecasted sales. Advan's foot traffic data showed 6.8% increase YoY at its fitness centers in Q4 2023; the company's revenue increased 1.4% YoY. Advan's footfall data has a correlation of 0.96 on a YoY basis with PLNT's top-line revenue over the last 15 quarters.

Advan Hits: PLNT 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.