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Accel Entertainment (ACEL)
NYSE:ACEL
Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.21Last Year’s EPS
0.26Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -8.03%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment overall, with strong financial performance and strategic expansions into new markets. Despite some challenges in the Nevada market and strategic closures in Illinois, the company's growth in revenue, expansion efforts, and share repurchases indicate a robust position and optimistic outlook.Company Guidance
In the Accel Entertainment, Inc. Q4 and full year 2024 earnings call, the company reported a record-setting year with total revenue reaching $1.2 billion and adjusted EBITDA of $189 million. The Illinois market demonstrated strong performance, with a 4% year-over-year growth in market-wide gross gaming revenue (GGR), despite a 1% increase in state gaming tax. The company strategically closed fifty-four underperforming locations throughout the year, focusing on improving financial performance and free cash flow. During the call, Accel highlighted the acquisition of Fairmont Park and entry into the Louisiana market as significant developments. In terms of future growth, Accel aims for mid-single-digit EBITDA growth and plans to continue investing in high-margin revenue gaming products and labor-light self-service technology. The company also emphasized its ongoing efforts in optimizing its sales and operating model across its footprint, with expectations for significant capital expenditures in 2025, ranging from $75 million to $80 million.Record-Setting Annual Revenue
Accel Entertainment achieved a record-setting year with total revenue of $1.2 billion and adjusted EBITDA of $189 million, indicating strong growth and financial performance.
Successful Market Expansion
Entered into Louisiana on November 1st and acquired Fairmont Park outside Saint Louis on December 2nd, showcasing strategic expansion efforts.
Growth in Core Markets
Illinois posted a 4% year-over-year GGR growth, outperforming local casinos and demonstrating resilience in its home market.
Increase in Terminals and Locations
As of December 31st, Accel had 26,346 terminals in 4,117 locations, marking year-over-year increases of 5% and 3.9%, respectively.
Share Repurchase Program
Repurchased 2.4 million shares for $25 million in 2024, with a renewed authorization of $200 million for further repurchases, reflecting confidence in financial strength.
Positive Performance in Several States
Revenue per location increased in Illinois (3.5%), Montana (4.6%), and Nebraska (5.9%), highlighting strong performance across key states.
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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 |
|---|---|---|---|
| Feb 27, 2025 | $11.71 | $10.77 | -8.03% |
| 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% |
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 27, 2025, TBA Not Confirmed.
What is Accel Entertainment (ACEL) earnings time?
Accel Entertainment (ACEL) earnings time is at Feb 27, 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 0.21.
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