Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Investors need to pay close attention to ACEL stock based on the movements in the options market lately.
The mean of analysts' price targets for Accel Entertainment (ACEL) points to a 36.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Accel's stock surged 14.3% in two months, nearing my price target of $12.50-$13.50, outperforming the S&P's 2.6% rebound post-'Trump Tariffs' scare. ACEL reported EPS of $0.17, beating estimates by $0.05, and revenue of $323.91 million, marking 7.3% year-over-year growth and a tenth straight double-beat. Fairmount Park's Phase 1 opened on time and under budget, expected to contribute $7-$8 million in EBITDA, with Phase 2 promising $25 million annually by FY 2027.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Accel Entertainment, Inc. (NYSE:ACEL ) Q1 2025 Earnings Conference Call May 5, 2025 5:30 PM ET Company Participants Scott Levin - Chief Legal Officer Andy Rubenstein - CEO Mark Phelan - President, U.S Gaming Matt Ellis - CFO Conference Call Participants Chad Beynon - Macquarie Steve Pizzella - Deutsche Bank Greg Gibas - Northland Operator Good afternoon, and thank you for attending today's Accel Entertainment Q1 2025 Earnings Call. [Operator Instructions] I'll now hand the call over to Scott Levin, Chief Legal Officer to begin.
Accel Entertainment (ACEL) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.22 per share a year ago.
Accel Entertainment is expanding its VGT operations beyond Illinois, acquiring 900 locations and 8,300 terminals in Montana and Nevada for $164.2 million. The Fairmount Park acquisition aims to diversify into the casino segment, with a projected $25 million EBITDA post-Phase 2 completion by FY 2027. Despite rising SG&A and interest expenses, Accel's revenue grew 5% to $1.231 billion in FY 2024, with strong sales per machine in most states.
Accel Entertainment (ACEL) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Accel Entertainment, Inc. (NYSE:ACEL ) Q4 2024 Results Conference Call February 27, 2025 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 Chad Beynon - Macquarie Greg Gibas - Northland Capital Markets Operator Good afternoon, and thank you for joining the Accel Entertainment Q4 and Full Year 2024 Earnings Call. My name is Kate, and I will be the moderator for today's call.