Accel Entertainment (ACEL) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.05%. A quarter ago, it was expected that this company would post earnings of $0.20 per share when it actually produced earnings of $0.22, delivering a surprise of 10%.Over the last four quarters, the company ...

Second Quarter 2024 Earnings Presentation July 2024 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 number of gaming t ...

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 June 30, 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 ju ...

Financial Performance - The company reported record revenues of $309.4 million for Q2 2024, reflecting a 5.7% increase from $292.6 million in Q2 2023[2] - Net income for Q2 2024 was $14.6 million, a significant increase of 46.1% compared to $10.0 million in Q2 2023[2] - Adjusted EBITDA reached a record $49.7 million for Q2 2024, up 6.5% from $46.6 million in Q2 2023[2] - Operating income for the three months ended June 30, 2024, was $22,683,000, down from $29,164,000 in the same period of 2023, indicating a decrease of 22.2%[23] - Net income for the three months ended June 30, 2024, was $14,586,000, compared to $9,983,000 for the same period in 2023, representing a significant increase of 46.4%[23] - Basic earnings per share for the three months ended June 30, 2024, were $0.17, up from $0.12 in the same period of 2023, marking a growth of 41.7%[23] - Total operating expenses increased to $286,730,000 for the three months ended June 30, 2024, from $263,483,000 in the same period of 2023, an increase of 8.8%[23] Growth and Expansion - Accel Entertainment ended Q2 2024 with 4,034 locations, a 4.7% increase compared to Q2 2023[1] - The total number of gaming terminals increased to 25,757, marking a 5.7% rise from 24,368 in Q2 2023[6] - Accel anticipates continued growth in gaming terminals and locations, with a focus on expanding into new jurisdictions[17] - The company announced the acquisition of Fairmount Holdings, expected to close in Q4 2024, enhancing its local gaming offerings[1] - The company is in the process of acquiring Fairmount Holdings, Inc., which may impact future operations and market presence[17] Debt and Liabilities - Net debt at the end of Q2 2024 was $311 million, a 9% increase from $284.8 million in Q2 2023[1] - Long-term liabilities increased to $635,505,000, compared to $604,839,000, indicating a rise of approximately 5.1%[26] - Total current liabilities decreased to $105,755,000 from $109,650,000, a reduction of about 3.6%[26] Assets and Equity - Total assets increased to $950,348,000 as of June 30, 2024, up from $912,893,000 at December 31, 2023, representing a growth of approximately 4.1%[26] - Total current assets rose to $322,201,000, compared to $312,594,000 at the end of 2023, marking an increase of about 3.0%[26] - Stockholders' equity increased to $209,088,000, up from $198,404,000, reflecting a growth of approximately 5.3%[26] - Cash and cash equivalents decreased slightly to $254,923,000 from $261,611,000, a decline of about 2.6%[26] - Accounts receivable, net increased to $15,149,000 from $13,467,000, showing a growth of about 12.5%[26] - Accumulated earnings rose significantly to $121,486,000 from $99,484,000, an increase of approximately 22.1%[26] - Property and equipment, net increased to $276,477,000 from $260,813,000, reflecting a growth of approximately 6.0%[26] - Goodwill remained relatively stable, increasing slightly to $101,859,000 from $101,554,000[26] Market Performance - The Illinois market generated $227.1 million in net revenues for Q2 2024, an increase of 5.3% from $215.9 million in Q2 2023[4] - Net revenues for the three months ended June 30, 2024, reached $309,413,000, a 5.3% increase from $292,647,000 in the same period of 2023[23] - Net gaming revenues were $293,240,000 for the three months ended June 30, 2024, compared to $277,551,000 for the same period in 2023, reflecting a growth of 5.6%[23] Operational Insights - Adjusted EBITDA is a key metric for monitoring ongoing core operations, enhancing understanding of profitability trends[21] - The company reported a decrease in operating income to $22.7 million for Q2 2024, down from $29.2 million in Q2 2023[2] - Accel's dependence on relationships with key manufacturers and developers is critical for obtaining gaming terminals and related supplies[19]

The market expects Accel Entertainment (ACEL) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rel ...

Accel Entertainment, Inc. (ACEL) inked a deal to acquire Fairmount Holdings, Inc, the owner of FanDuel Sportsbook & Horse Racing. The acquisition is valued at approximately $35 million.    This strategic move boosts Accel's presence in the Collinsville, IL gaming market. This builds on its strong distributed, route-based platform with an advantaged, single-site local gaming asset. The acquisition includes the horse racing venue in greater St. Louis. ACEL will also gain an Organization Gaming License to offe ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and t ...

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 ...

Core Viewpoint - The article emphasizes the importance of identifying and sustaining trends in short-term investing, highlighting that sound fundamentals and positive earnings estimates are crucial for maintaining momentum in stocks [1]. Group 1: Stock Performance - Accel Entertainment (ACEL) has shown a solid price increase of 12.9% over the past 12 weeks, indicating investor confidence in its potential upside [2]. - The stock has also maintained a price increase of 4.3% over the last four weeks, suggesting that the upward trend is still intact [2]. - ACEL is currently trading at 86.3% of its 52-week high-low range, indicating it may be on the verge of a breakout [2]. 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 key indicators of near-term price movements [3]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [3]. Group 3: Investment Strategy - The article suggests that there are several other stocks that also pass the "Recent Price Strength" screen, indicating potential investment opportunities [4]. - It mentions the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can help identify winning stock picks [4].