Notable Hit 1: (PENN:NASDAQ) On Thursday August 5, 2021 Penn National Gaming, Inc. (PENN) posted better-than-expected revenues of $1.55bn beating the consensus estimate by +29.44% and in the same direction as Advan's forecasted sales. The revenue was +406% YoY - Advan's foot traffic data captured an increase in foot traffic of +337% YoY at its casino locations. Advan's footfall data has a correlation of 0.99 on a YoY basis with PENN's top-line revenue over the last 10 quarters.
Notable Hit 2: (MTOR:NYSE) On Thursday August 5, 2021 Meritor (MTOR) posted better-than-expected revenues of $1.02bn beating the consensus estimate of $930.91mm (-8.38%) and in the same direction as Advan's forecasted sales. The revenue was +97.67% YoY - Advan's foot traffic data captured an increase in employee foot traffic of +65.67% YoY at its factories. Advan's footfall data has a correlation of 0.93 on a YoY basis with MTOR's top-line revenue over the last 12 quarters.
