Accel Entertainment, Inc. (NYSE:ACEL) Q1 2024 Earnings Conference Call May 8, 2024 5:30 PM ET Company Participants Derek Harmer - General Counsel and CCO Andrew Rubenstein - President and CEO Mathew Ellis - CFO Conference Call Participants Chad Beynon - Macquarie Steve Pizzella - Deutsche Bank Operator Hello everyone. Thank you for attending today's Accel Entertainment Q1 2024 Earnings Call. My name is Sierra and I will be your moderator for today. All lines will be muted during the presentation portion of ...

A downtrend has been apparent in Accel Entertainment (ACEL) lately with too much selling pressure. The stock has declined 11.7% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.Inves ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, invest ...

First Quarter 2024 Earnings Presentation May 2024 ACEL LISTED NYSE Important Information Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, contained in this presentation are forward-looking statements, including, but not limited to, any statements regarding our estimates of num ...

Accel Entertainment (ACEL) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this company would post earnings of $0.17 per share when it actually produced earnings of $0.26, delivering a surprise of 52.94%.Over the last four quarters, the company ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ______ Commission File Number 001-38136 Accel Entertainment, Inc. (Exact Name of Registrant as specified in its charter) Delaware 98-1350261 (State or other j ...

Accel Entertainment Announces Q1 2024 Operating Results Chicago, IL – May 8, 2024 – Accel Entertainment, Inc. (NYSE: ACEL) today announced certain financial and operating results for the first quarter ended March 31, 2024. Highlights: • Ended Q1 2024 with 3,987 locations; an increase of 5.1% compared to Q1 2023 • Ended Q1 2024 with 25,321 gaming terminals; an increase of 5.6% compared to Q1 2023 • Revenues of $301.8 million for Q1 2024; an increase of 2.9% compared to Q1 2023 • Net income of $7.4 million fo ...

Investors are always looking for stocks that are poised to beat at earnings season and Accel Entertainment, Inc. (ACEL) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Accel Entertainment is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — ...

The Zacks Gaming industry is likely to be hurt by high inflation and interest rate concerns. However, favorable developments in Macau's gaming revenues are playing a significant role in driving the sector forward. Also, strong demand for sports betting is contributing to the industry's trends. Stocks like Churchill Downs Incorporated (CHDN) , Light & Wonder, Inc. (LNW) and Accel Entertainment, Inc. (ACEL) will likely gain traction from this upbeat demand.Industry Description The Zacks Gaming industry includ ...