ACEL Earnings Prediction
The chart below shows how ACEL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ACEL sees a +0.12% change in stock price 10 days leading up to the earnings, and a -1.09% change 10 days following the report. On the earnings day itself, the stock moves by -0.46%. This data can give you a slight idea of what to expect for the next quarter's release.
ACEL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
302.23M
5.12%
-2.32%
Gross Margin
24.37%
-2.68%
-1.50%
Operating Margin
7.23%
-17.28%
-1.36%
Net Margin
1.62%
-55.37%
-65.61%
EPS
0.06
-50.00%
-64.71%
No Data Available
ACEL Earnings Analysis
Accel Entertainment, Inc. Corporation (ACEL.N) Earnings Conference Call
Positive
Q3 Revenue Increase: 1. Strong Revenue Growth: Accel Entertainment reported total revenue of $302 million for Q3 2024, reflecting a year-over-year increase of 5.1%.
Adjusted EBITDA Increase: 2. Increased Adjusted EBITDA: The company achieved an adjusted EBITDA of $46 million, marking a year-over-year increase of 3.9%.
Terminal and Location Growth: 3. Expansion in Locations and Terminals: As of September 30, Accel had 25,729 terminals and 4,014 locations, representing year-over-year increases of 4.1% and 2.8%, respectively.
Share Repurchase Success: 4. Successful Share Repurchase Program: During the quarter, Accel repurchased 585,000 shares at an average price of $10.52, totaling $6 million, and has completed 70% of its $200 million share repurchase program.
Strong Liquidity Position: 5. Positive Cash Position: The company ended the quarter with approximately $538 million in liquidity, including $265 million in cash, positioning it well for future growth and capital returns.
Negative
Location Closures Strategy: 1. Location Closures Impact: The company strategically closed 22 underperforming locations, which was a response to a recent 1% tax increase that negatively affected profit margins, pushing some locations into lower profitability.
Tax Impact on Gaming: 2. Increased Tax Burden: The recent legislative session imposed an additional 1% tax on the gaming industry, which has significantly impacted profit margins and necessitated a reevaluation of underperforming locations.
Flat Revenue Growth Outlook: 3. Flat Revenue Growth Projections: The company anticipates near-term net unit growth in Illinois to be flattish, indicating a lack of significant expansion despite a pipeline of planned openings.
Capital Expenditure Decline: 4. Elevated Capital Expenditures: Capital expenditures for the third quarter were $17 million, with projections for 2024 indicating a decrease of more than 20% from the previous year, suggesting ongoing financial strain.
Net Debt Concerns: 5. High Net Debt Levels: As of September 30, the company reported approximately $289 million in net debt, which could pose risks to financial stability and growth initiatives.
ACEL FAQs
How does ACEL typically perform around its earnings report dates?
Is Accel Entertainment, Inc. (ACEL) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
ACEL Earning Call Sentiment
Accel Entertainment, Inc. (ACEL) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ACEL.N
-0.42%Positive
The earnings call reveals a positive outlook with revenue and EBITDA growth, a significant share repurchase program, and strategic expansion plans. The Fairmount acquisition promises future EBITDA growth, and liquidity is strong. Despite some regulatory and economic challenges, management's optimism in overcoming these and the positive market reaction to TITO implementation support a positive sentiment. The Q&A section indicates confidence in strategic decisions, particularly in closures and M&A opportunities. Overall, these factors suggest a positive stock price movement in the short term.
