NYSE$ACEL
Accel Entertainment Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Accel Entertainment reported increased revenue and net income in Q1 2024, driven by growth in video gaming terminals (VGTs) and strategic acquisitions.
Accel Entertainment reported a strong first quarter in 2024, with revenue increasing to $442.1 million and net income rising to $17.4 million. The company's performance was driven by growth in its VGT operations and strategic acquisitions, demonstrating its ability to expand its market presence and enhance profitability.
- Revenue increased to $442.1 million, up 13.9% year-over-year.
- Net income increased to $17.4 million, compared to $14.9 million in the prior year.
- Adjusted EBITDA increased 12.8% year-over-year to $65.4 million.
- The company continues to execute on its growth strategy through organic expansion and strategic acquisitions.
Headline financials
Revenue & EPS history
Accel Entertainment · Revenue · Quarterly
$302M
Forward guidance
Accel Entertainment anticipates continued growth and strong financial performance for the remainder of 2024, driven by ongoing expansion in existing markets, strategic acquisitions, and operational efficiencies.
Tailwinds
- Continued growth in existing markets driven by increased VGT penetration and player engagement.
- Strategic acquisitions expected to contribute to revenue and earnings growth.
- Focus on operational efficiencies to improve profitability.
- Strong cash flow generation to support investments in growth initiatives.
- Favorable industry trends and regulatory environment.
Headwinds
- Potential economic downturn impacting consumer spending and gaming activity.
- Increased competition in the distributed gaming market.
- Regulatory changes that could negatively impact operations.
- Integration risks associated with acquisitions.
- Fluctuations in VGT performance due to seasonality and other factors.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.7%
Avg return
Earnings day
-4.6%
Avg return
5 days after
+1.1%
Avg return
30 days after
53%
18 / 34 earnings
Positive
+29.1%
Q2 2020
Best reaction
-19.7%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.1% | -4.8% | -1.2% | |
| Q4 2025 | +19.2% | +3.7% | -0.3% | |
| Q3 2025 | -0.7% | -1.5% | +1.6% | |
| Q1 2025 | +4.6% | +6.0% | +3.4% | |
| Q4 2024 | -8.0% | -10.9% | -14.9% | |
| Q3 2024 | -3.7% | -3.8% | +0.8% | |
| Q2 2024 | +11.3% | -0.7% | +6.8% | |
| Q1 2024 | -13.8% | -13.3% | -11.7% | |
| Q4 2023 | +7.9% | +7.7% | +12.3% | |
| Q3 2023 | +5.3% | +3.5% | -3.8% | |
| Q2 2023 | +8.1% | +2.8% | +6.8% | |
| Q1 2023 | +7.3% | +3.1% | +10.3% | |
| Q4 2022 | +2.7% | +2.8% | -2.1% | |
| Q3 2022 | -11.8% | -11.5% | -14.6% | |
| Q2 2022 | -19.7% | -11.8% | -23.6% | |
| Q1 2022 | -9.9% | -16.1% | -10.6% | |
| Q4 2021 | +4.1% | -1.9% | -9.0% | |
| Q3 2021 | +0.2% | +2.2% | +0.2% | |
| Q2 2021 | +4.6% | +3.0% | +4.7% | |
| Q1 2021 | +8.2% | +10.7% | +4.3% | |
| Q4 2020 | -2.7% | -10.2% | -5.9% | |
| Q3 2019 | +0.8% | +7.9% | +4.5% | |
| Q3 2020 | +0.8% | +7.9% | +4.5% | |
| Q2 2020 | +29.1% | +27.5% | +61.1% | |
| Q1 2019 | -13.3% | -7.9% | +13.6% | |
| Q1 2020 | -13.3% | -7.9% | +13.6% | |
| Q4 2017 | -11.3% | -35.6% | -3.1% | |
| Q2 2019 | -11.3% | -35.6% | -3.1% | |
| Q4 2019 | -11.3% | -35.6% | -3.1% | |
| Q4 2018 | -11.3% | -35.6% | -3.1% | |
| Q3 2018 | +0.2% | +0.3% | +0.0% | |
| Q2 2018 | +0.3% | +0.0% | -1.0% | |
| Q1 2018 | -0.1% | +0.4% | +0.3% | |
| Q3 2017 | +0.0% | +0.2% | +0.4% | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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