Advan Notable Hits: Wynn Resorts, Limited (WYNN)

November 12, 2021 By Valantis Aristeidous Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit : (WYNN:NASDAQ) On Tuesday November 9 , 2021 Wynn Resorts (WYNN) posted better-than-expected revenues of $994.6mm beating the consensus estimate of $135.09 (-3.7%) and in the same direction as Advan's forecasted sales. The revenue was +168% YoY - Advan's foot traffic data captured an increase in foot traffic of +86% YoY at its US and 83% YoY increase at Macau resorts for Q3 2021. Advan's footfall data has a correlation of 0.97 on a YoY basis with WYNN's top-line revenue over the last 12 quarters.

Advan Hits: WYNN 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.