Advan Notable Hits: SeaWorld Entertainment, Inc. (SEAS)

August 5, 2022 By Valantis Aristeidous Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit: (SEAS:NYSE) On Thursday August 4, 2022 SeaWorld Entertainment, Inc. (SEAS) posted better than expected revenues of $504.82mm surpassing the consensus estimate by +0.5% and in the same direction as Advan's forecasted sales. The revenue was up 14.8% YoY and in line with Advan's foot traffic data increase of 13.6% YoY at its amusement parks for Q2 2022. As a result of beating the sales & EPS the stock closed +4.19% from previous close. Advan's footfall data has a correlation of 0.99 on a YoY basis with SEAS's top-line revenue over the last 14 quarters.

Advan Hits: SEAS 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.