Accel Entertainment(ACEL)

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Wall Street Analysts Predict a 27.34% Upside in Accel Entertainment (ACEL): Here's What You Should Know
ZACKS· 2024-11-07 16:00
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]
Are Consumer Discretionary Stocks Lagging Accel Entertainment (ACEL) This Year?
ZACKS· 2024-11-07 15:45
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]
Accel Entertainment (ACEL) Is Attractively Priced Despite Fast-paced Momentum
ZACKS· 2024-11-07 14:50
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(ACEL) - 2024 Q3 - Earnings Call Transcript
2024-11-01 22:00
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 ...
Accel Entertainment (ACEL) Beats Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-31 00:01
Accel Entertainment (ACEL) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 22.22%. A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.25, delivering a surprise of 19.05%. Over the last four quarters, the co ...
Accel Entertainment(ACEL) - 2024 Q3 - Quarterly Report
2024-10-30 20:19
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 September 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 oth ...
Accel Entertainment(ACEL) - 2024 Q2 - Earnings Call Transcript
2024-07-31 02:04
Call Start: 17:00 January 1, 0000 5:29 PM ET Accel Entertainment, Inc. (NYSE:ACEL) Q2 2024 Earnings Conference Call July 30, 2024 05:00 PM ET Company Participants Derek Harmer - General Counsel and CCO Andrew Rubenstein - President and CEO Mark Phelan - President, U.S Gaming Mathew Ellis - CFO Conference Call Participants Steve Pizzella - Deutsche Bank Chad Beynon - Macquarie Greg Gibas - Northland Capital Markets Operator Good afternoon. Thank you for attending today's Accel Entertainment Q2 2024 Earnings ...
Accel Entertainment (ACEL) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-30 23:07
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 ...
Accel Entertainment(ACEL) - 2024 Q2 - Earnings Call Presentation
2024-07-30 20:40
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 ...
Accel Entertainment(ACEL) - 2024 Q2 - Quarterly Report
2024-07-30 20:15
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 ...