Advan Notable Hit: Conn's (CONN)

September 3, 2021 By Valantis Aristeidous Tags: FINANCIAL-TRENDS, ADVAN HITS

(CONN:NASDAQ) On Wednesday September 1, 2021 Conn's, Inc. (CONN) posted better-than-expected revenues of $418.38mm beating the consensus estimate of 392.91mm (-6.09%) and in the same direction as Advan's forecasted sales. The revenue was +14.02% YoY - Advan's foot traffic data captured an increase in foot traffic of +6.08 % YoY at its stores for Q2 2021. As a result of beating the sales and EPS, the stock opened at $27.12, up +10.2% from its previous day's closing price. Advan's footfall data has a correlation of 0.85 on a YoY basis with CONN's top-line revenue over the last 11 quarters.

Advan Hits: CONN 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.