Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors typically avoid timing the market and instead capitalize on fast-moving stocks [1] - Identifying the right entry point for momentum stocks can be challenging, as they may lose momentum if their valuations exceed future growth potential [1] Group 2: Accel Entertainment (ACEL) Analysis - ACEL has shown a four-week price change of 4.3%, indicating growing investor interest [2] - Over the past 12 weeks, ACEL's stock gained 12.9%, demonstrating its ability to deliver positive returns over a longer timeframe [3] - ACEL has a beta of 1.42, suggesting it moves 42% higher than the market in either direction, indicating fast-paced momentum [3] Group 3: Earnings Estimates and Valuation - ACEL has a Momentum Score of B, suggesting it is a favorable time to invest in the stock [3] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investor interest [4] - ACEL is trading at a Price-to-Sales ratio of 0.83, indicating it is reasonably valued at 83 cents for each dollar of sales [4] Group 4: Investment Opportunities - ACEL appears to have significant potential for growth at a fast pace [5] - There are additional stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, providing further investment opportunities [5]

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 — ...

Core Insights - The Zacks Gaming industry is facing challenges due to high inflation and interest rate concerns, but positive developments in Macau's gaming revenues and strong demand for sports betting are driving growth [1][3][4][5] Industry Overview - The Zacks Gaming industry encompasses companies that operate integrated casinos, hotels, and entertainment resorts, as well as those providing technology products and services related to gaming [2] Key Themes - **High Inflation Impact**: Prolonged inflation and the highest U.S. interest rates in 20 years are affecting consumer spending and increasing operational costs for casino operators [3] - **Macau Gaming Revenue Recovery**: Macau's gross gaming revenues increased by 26% year-over-year in April, reaching approximately 79% of pre-pandemic levels from 2019 [4] - **Growth in Sports Betting**: The legalization of sports betting across multiple states has significantly contributed to industry growth, with various digital platforms facilitating wagers [5] Industry Performance - The Zacks Gaming industry ranks 165, placing it in the bottom 34% of over 251 Zacks industries, indicating a negative earnings outlook [6] - The industry has underperformed the S&P 500 Index, declining by 5.7% over the past year compared to the S&P 500's increase of 24% [8] Valuation Metrics - The industry has a forward 12-month EV/EBITDA ratio of 10.8, trading at a discount compared to the S&P 500's ratio of 12.57 [9] Notable Companies - **Light & Wonder**: Experienced a 51.4% increase in shares over the past year, with earnings estimates for 2024 rising by 4.7% to $3.78 [11] - **Churchill Downs**: Shares increased by 9.4% in the past six months, with 2024 earnings estimates rising by 2.3% to $5.72 [14] - **Accel Entertainment**: Shares rose by 27.3% in the past year, with anticipated sales growth of 2.6% for 2024 and earnings estimates revised upward by 2.4% [16]

Core Insights - Value investing remains a preferred strategy for identifying strong stocks across various market conditions, utilizing fundamental analysis and established metrics to find undervalued companies [1] Company Analysis: Accel Entertainment (ACEL) - Accel Entertainment holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [2] - The stock has a P/E ratio of 13.80, significantly lower than the industry average of 31.60, with a historical Forward P/E range between 10.18 and 16.73 [2] - ACEL's P/B ratio stands at 4.73, compared to the industry's average P/B of 10.92, with a historical range of 3.96 to 5.45 [2] - The P/S ratio for ACEL is 0.8, which is lower than the industry average of 0.98, suggesting a favorable valuation based on sales [3] - ACEL's P/CF ratio is 9.12, well below the industry's average of 25.27, indicating strong cash flow relative to its valuation [3] Company Analysis: Golden Entertainment (GDEN) - Golden Entertainment also has a Zacks Rank of 2 (Buy) and a Value Score of A, making it another attractive option for value investors [4] - GDEN's P/B ratio is 1.73, significantly lower than the industry's average P/B of 10.92, with a historical range of 1.60 to 3.75 [4] Conclusion - Both Accel Entertainment and Golden Entertainment exhibit strong value metrics, suggesting they are likely undervalued at present, supported by their positive earnings outlook [4]

Wall Street expects a year-over-year decline in earnings on higher revenues when Accel Entertainment (ACEL) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Accel Entertainment (ACEL) , which belongs to the Zacks Gaming industry.When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 45.22%, on average, in the last two quarters.For the last reported quarter, Accel Entertainment came out with earnings of $0.26 per share v ...