The 7th issue of The Advan Buysider is now available. As a reminder, The Buysider is designed to provide timely, novel, and impactful insights on specific names and topics using Advan’s data. I welcome your feedback. Should you not see names / sectors that are of high interest today, reach out to me.
The takeaways from #7:
1) You'll notice less timeliness in this issue; I focused more on expanding the names covered in each sector than updating current names / themes. Our read and blog stories on the theme parks (DIS, CMCSA, PRKS, & FUN) and Vegas stand out, as do the Buysider reports on MDT and SYY/USFD.
2) Generally, Advan's top-line estimates for Q3 in industrials / materials / B2B were in-line with reported Q3 results; additionally, most of the expected beats / misses were correct. (However, the noise from Hurricane Helene did result in larger errors, i.e. beats less than modeled. We also missed on DVA.)
3) Observed industrial / manufacturing / B2B services revenue for Q3 were directionally aligned w/ reported organic volume trends (i.e. stronger). We observe that volume has again picked up QoQ for Q4.
4) We've again heard rumors of a data drift issue in AltData this quarter, which if true, likely results in more volatility.
