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Advan Notable Hits: Planet Fitness, Inc. (PLNT) & Chevron Corporation (CVX)

Source: https://advanresearch.com/planet-fitness-plnt-chevron-cvx-foottraffic-revenue-correlation

Notable Hit 1: (PLNT:NYSE) On Thursday November 5 , 2021 Planet Fitness (PLNT) posted better-than-expected revenues of $154.26mm beating the consensus estimate of $135.09 (-14.2%) and in the same direction as Advan’s forecasted sales. The revenue was +46.4% YoY - Advan’s foot traffic data captured an increase in employee foot traffic of +58.7% YoY at its fitness clubs for Q3 2021. As a result of beating the sales and EPS, the stock opened at $91.27, up +15.5% from its previous day’s closing price. Advan’s footfall data has a correlation of 1 on a YoY basis with ECL’s top-line revenue over the last 12 quarters.

Notable Hit 2: (CVX:NYSE) On Friday October 29 , 2021 Chevron Corporation (CVX) posted better-than-expected revenues of $42.55bn beating the consensus estimate of $39.7(-6.7%) and in the same direction as Advan’s forecasted sales. The revenue was +74% YoY - Advan’s foot traffic data captured an increase in foot traffic of +43.4% YoY at its gas stations for Q3 2021. As a result of beating the sales and EPS, the stock opened at $114.83, up +1.5% from its previous day’s closing price. Advan’s footfall data has a correlation of 0.95 on a YoY basis with BOOT’s top-line revenue over the last 11 quarters.

To learn more about the data behind this article and what Advan has to offer, visit https://advanresearch.com/.

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DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us

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LET US HELP

Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

Advan

Advan provides hedge funds and institutional investors with unmatched insights into both foot and vehicle traffic to enable better investment decisions. Using precise, manual geofencing, it has the most extensive and accurate location data, available in seconds through an intuitive, self-service dashboard. Its institutional-grade analytics allow fast and actionable insights into customer behavior and corporate activity.

Advan is headquartered in New York City. For more information please visit www.advan.us