Advan Notable Hits: Caesars Entertainment, Inc. (CZR)

May 3, 2024 By Valantis Aristides Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (CZR:NASDAQ) On Tuesday April 30, 2024 Caesars Entertainment, Inc. (CZR) posted revenues of $2.74 bn missing the analysts estimate by 4% and in the same direction as Advan's forecasted sales. Advan's data showed a 1% decrease YoY in foot traffic to its hotels and casinos in Q1 2024; the company's revenue decreased 3% YoY. The stock closed down 3.8% from opening price. Advan's footfall data has a correlation of 0.97 on a YoY basis with CZR's top-line revenue over the last 16 quarters.

Advan Hits: CZR correlation traffic vs revenue

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.