Core Viewpoint - The article emphasizes the importance of identifying and sustaining trends in short-term investing, highlighting that confirming strong fundamentals and positive earnings estimates is crucial for maintaining momentum in stocks [1]. Group 1: Trend Analysis - The "Recent Price Strength" screen is a tool designed to identify stocks with sufficient fundamental strength to sustain their recent upward trends, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [2]. - Accel Entertainment (ACEL) has shown a solid price increase of 7.4% over the past 12 weeks, reflecting investor confidence in its potential upside [3]. - A price increase of 5% over the last four weeks indicates that ACEL's price trend remains intact, and it is currently trading at 84% of its 52-week high-low range, suggesting a potential breakout [4]. Group 2: Fundamental Strength - ACEL holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [5]. - The Zacks Rank system has a strong track record, with Zacks Rank 1 stocks averaging an annual return of +25% since 1988, indicating the effectiveness of this ranking system [6]. - The Average Broker Recommendation for ACEL is 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [6]. Group 3: Investment Strategy - In addition to ACEL, there are multiple stocks that meet the criteria of the "Recent Price Strength" screen, suggesting further investment opportunities [7]. - The article suggests that successful stock-picking strategies should have a history of profitability, which can be backtested using the Zacks Research Wizard [8].

Core Viewpoint - Momentum investors focus on "buying high and selling higher" rather than traditional strategies of buying low and waiting for recovery, aiming for quicker profits [1] Group 1: Momentum Investing Strategy - Fast-moving trending stocks can be difficult to time, as they may lose momentum if future growth does not justify high valuations, leading to potential downside risks [2] - A safer investment approach involves targeting bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify promising candidates [3] Group 2: Accel Entertainment (ACEL) Analysis - Accel Entertainment (ACEL) has shown a four-week price change of 3.1%, indicating growing investor interest [4] - Over the past 12 weeks, ACEL's stock gained 0.4%, with a beta of 1.47, suggesting it moves 47% more than the market in either direction [5] - ACEL has a Momentum Score of B, indicating a favorable entry point for investors looking to capitalize on momentum [6] Group 3: Earnings Estimates and Valuation - ACEL has received upward revisions in earnings estimates, earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [7] - The stock is currently trading at a Price-to-Sales ratio of 0.80, suggesting it is undervalued as investors pay only 80 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides ACEL, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]

Core Viewpoint - Accel Entertainment (ACEL) shares have increased by 3.9% recently, with a mean price target of $14.67 suggesting a potential upside of 26% from the current price of $11.64 [1][2] Price Targets and Analyst Consensus - The mean estimate includes three short-term price targets with a standard deviation of $0.58, indicating a relatively high agreement among analysts [2][7] - The lowest price target of $14 indicates a 20.3% increase, while the highest target of $15 suggests a 28.9% increase [2] - Analysts' price targets can often be misleading, as empirical research shows they rarely indicate actual stock price movements [5][6] Earnings Estimates and Potential Upside - There is growing optimism among analysts regarding ACEL's earnings prospects, supported by a positive trend in earnings estimate revisions [9] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 6%, with two estimates moving higher and no negative revisions [10] - ACEL holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [11] Conclusion on Price Movement - While consensus price targets may not reliably predict the extent of ACEL's gains, they do provide a useful indication of the expected direction of price movement [12]

Core Viewpoint - The article emphasizes the importance of value investing and highlights Accel Entertainment (ACEL) as a strong candidate for value investors due to its favorable financial metrics and Zacks Rank [2][4][8]. Company Analysis - Accel Entertainment (ACEL) has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4]. - The stock is currently trading at a P/E ratio of 13.54, significantly lower than the industry average of 32.85, suggesting it may be undervalued [4]. - ACEL's P/B ratio stands at 4.58, compared to the industry's average P/B of 11.62, further indicating its relative undervaluation [5]. - The P/S ratio for ACEL is 0.79, which is lower than the industry average of 1.17, reinforcing the notion of undervaluation [6]. - ACEL's P/CF ratio is 8.90, well below the industry's average of 30.77, highlighting its attractive cash flow outlook [7]. - Overall, the financial metrics suggest that Accel Entertainment is likely undervalued and stands out as one of the market's strongest value stocks [8].

Core Viewpoint - Accel Entertainment (ACEL) shows a promising investment opportunity due to a significant improvement in its earnings outlook, with analysts raising their earnings estimates, which may lead to continued stock momentum [1][2]. Current-Quarter Estimate Revisions - The expected earnings for the current quarter are $0.20 per share, reflecting a year-over-year decrease of 23.08% - The Zacks Consensus Estimate for Accel Entertainment has increased by 6.06% over the last 30 days, with one estimate raised and no negative revisions [4]. Current-Year Estimate Revisions - For the full year, the earnings estimate stands at $0.89 per share, indicating a year-over-year decline of 7.29% - There has been a positive trend in estimate revisions, with two estimates moving up and no negative revisions, resulting in a 6.04% increase in the consensus estimate [5]. Favorable Zacks Rank - Accel Entertainment currently holds a Zacks Rank 2 (Buy), attributed to the positive estimate revisions, which historically correlate with stock performance - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) have shown significant outperformance compared to the S&P 500 [6]. Bottom Line - The stock has gained 5.2% over the past four weeks, driven by solid estimate revisions, suggesting that the earnings growth prospects may further elevate the stock price, making it a potential addition to investment portfolios [7].

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting the use of a specific screening strategy to identify stocks with strong fundamentals and positive price momentum. Group 1: Trend Analysis - The trend in short-term investing is crucial, and confirming its sustainability is essential for profitability [1][2] - A predefined screening strategy, "Recent Price Strength," helps identify stocks with sufficient fundamental strength to maintain their upward trend [3] Group 2: Stock Example - Accel Entertainment (ACEL) - Accel Entertainment (ACEL) has shown a solid price increase of 7.7% over the past 12 weeks, indicating investor confidence [4] - The stock has also increased by 5.2% in the last four weeks, suggesting that the upward trend is still intact [5] - ACEL is trading at 85.5% of its 52-week high-low range, indicating a potential breakout [5] Group 3: Fundamental Strength - ACEL holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term performance [7] Group 4: Additional Insights - The article suggests that ACEL may continue its price trend without reversal in the near future, and encourages exploring other stocks that meet the screening criteria [8] - The effectiveness of stock-picking strategies can be backtested using tools like the Zacks Research Wizard, which offers insights into successful strategies [9]

Group 1 - The core viewpoint is that Accel Entertainment (ACEL) has significant upside potential, with a mean price target of $14.67 indicating a 27.3% increase from the current price of $11.52 [1] - Analysts have set short-term price targets ranging from $14 to $15, with the lowest estimate suggesting a 21.5% increase and the highest indicating a 30.2% upside, alongside a standard deviation of $0.58, reflecting a consensus among analysts [2] - There is a growing optimism regarding ACEL's earnings prospects, as indicated by a 6% increase in the Zacks Consensus Estimate over the past month, with two estimates revised higher and no negative revisions [10][11] Group 2 - The Zacks Rank for ACEL is 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, suggesting a strong potential for near-term upside [11] - Analysts' agreement on higher earnings estimates is a strong indicator of potential stock price movements, as empirical research shows a correlation between earnings estimate revisions and stock price trends [9]

Group 1 - Accel Entertainment (ACEL) is currently outperforming the Consumer Discretionary sector, with a year-to-date return of approximately 12.2%, compared to the sector's average return of 7.9% [4] - The Zacks Rank for Accel Entertainment is 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] - Over the past three months, the Zacks Consensus Estimate for ACEL's full-year earnings has increased by 6%, reflecting improved analyst sentiment [4] Group 2 - Accel Entertainment is part of the Gaming industry, which consists of 41 stocks and currently ranks 163 in the Zacks Industry Rank [6] - The average return for stocks in the Gaming industry this year is 18.2%, suggesting that ACEL is slightly underperforming its industry [6] - Another stock in the Consumer Discretionary sector, Funko-A (FNKO), has significantly outperformed with a year-to-date increase of 49.7% and a Zacks Rank of 1 (Strong Buy) [5]

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth p ...

Accel Entertainment, Inc. (NYSE:ACEL) Q3 2024 Results Conference Call October 30, 2024 5:30 PM ET Company Participants Derek Harmer - General Counsel and Chief Compliance Officer Andy Rubenstein - President & CEO Mark Phelan - President, U.S Gaming Matt Ellis - CFO Conference Call Participants Steve Pizzella - Deutsche Bank Greg Gibas - Northland Capital Markets Operator Good afternoon, and thank you for joining the Accel Entertainment Q3 2024 Earnings Call. My name is Kate, and I will be the moderator for ...