Advan Notable Hits: Ecolab, Inc. (ECL) & Boot Barn Holdings, Inc. (BOOT)

October 29, 2021 By Valantis Aristeidous Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (ECL:NYSE) On Tuesday October 26 , 2021 Ecolab Inc. (ECL) posted better-than-expected revenues of $3.32bn beating the consensus estimate of $3.28bn (-1.27%) and in the same direction as Advan's forecasted sales. The revenue was +10% YoY - Advan's foot traffic data captured an increase in employee foot traffic of +3.3% YoY at its factories for Q3 2021. As a result of beating the sales and EPS, the stock closed at $230.28, up +3.9% from its previous day's closing price. Advan's employee footfall data has a correlation of 0.9 on a YoY basis with ECL's top-line revenue over the last 11 quarters.

Advan Hits: ECL correlation traffic vs revenue

Notable Hit 2: (BOOT:NYSE) On Wednesday October 27 , 2021 Boot Barn (BOOT) posted better-than-expected revenues of $312.72mm beating the consensus estimate of $289.38(-8%) and in the same direction as Advan's forecasted sales. The revenue was +69.5% YoY - Advan's foot traffic data captured an increase in foot traffic of +57.1% YoY at its store locations for Q3 2021. As a result of beating the sales and EPS, the stock opened next day at $106.19, up +5.8% from its previous day's closing price. Advan's footfall data has a correlation of 0.98 on a YoY basis with BOOT's top-line revenue over the last 11 quarters.

Advan Hits: BOOT 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.