Can Accel Entertainment (ACEL) Run Higher on Rising Earnings Estimates?

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$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].