Advan Notable Hits: United Airlines Holdings (UAL)

October 18, 2024 By Valantis Aristides Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (UAL:NASDAQ) On Tuesday October 15, 2024 United Airlines Holdings, Inc. (UAL) posted revenues of $14.84 bn surpassing the mean analysts estimates by 1% and in the same direction as Advan's forecasted sales. Advan's data showed a 3.3% increase YoY in foot traffic to the terminals United operates in Q3 2024; the company's revenue increased 2.5% YoY. As a result of beating revenue and earnings, the stock next day closed +12.5% from previous close. Advan's footfall data has a correlation of 0.93 on a YoY basis with UAL's top-line revenue over the last 19 quarters.

Advan Hits: UAL 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.