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Accel Entertainment (ACEL)
NYSE:ACEL
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.2Last Year’s EPS
$0.26Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -7.05%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Accel's strong financial performance and strategic growth initiatives, including market expansion and acquisitions. However, the closure of underperforming locations and challenges posed by tax increases indicate areas of concern.Company Guidance
During Accel Entertainment's Q3 2024 earnings call, the company provided various financial metrics and strategic guidance. They reported a revenue of $302 million, reflecting a 5.1% year-over-year increase, and an adjusted EBITDA of $46 million, up 3.9% from the previous year. Accel maintained a robust performance in its core market of Illinois, with revenue per location increasing by 1.7% to $839 per day, and noted a 5% year-over-year growth in Illinois' market-wide GGR. The company also highlighted its strategic focus on optimizing its location footprint, including the closure of 22 underperforming sites, and its pending acquisition of Fairmont Park. Looking ahead, Accel aims for low single-digit revenue growth, mid-single-digit EBITDA growth, and high single-digit free cash flow growth, with capital expenditures expected to decrease towards $40 million. Additionally, they are preparing for the rollout of a ticket in, ticket out (TITO) system in Illinois by mid-2025, which is anticipated to enhance operational efficiency and the customer experience.Strong Financial Performance
Revenue of $302 million and adjusted EBITDA of $46 million, representing year-over-year increases of 5.1% and 3.9% respectively.
Market Expansion and Growth
Illinois market posted GGR growth of 5% year-over-year, outperforming local casinos. Nebraska showed strong revenue growth driven by a 16.8% increase in hold per day.
Fairmont Acquisition Progress
Progress in the acquisition of Fairmont Park, with approvals received and expected closing in early December. The acquisition includes a sports betting license with FanDuel.
Capital Allocation and Share Repurchase
Continued progress on the $200 million share repurchase program, with 13.5 million shares repurchased at a cost of $140 million.
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ACEL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ACEL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $11.35 | $11.04 | -2.73% |
| Jul 30, 2024 | $11.08 | $12.20 | +10.11% |
| May 08, 2024 | $11.61 | $9.91 | -14.64% |
| Feb 28, 2024 | $10.55 | $11.33 | +7.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Accel Entertainment (ACEL) report earnings?
Accel Entertainment (ACEL) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Accel Entertainment (ACEL) earnings time?
Accel Entertainment (ACEL) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACEL EPS forecast?
ACEL EPS forecast for the fiscal quarter 2024 (Q4) is $0.2.
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