NYSE$ACEL

Accel Entertainment Inc · Q3 2019 earnings

Q3 2019 earnings · · Investor relations

Briefing

Accel Entertainment reported strong Q3 2019 earnings driven by growth in video gaming terminal operations and strategic acquisitions.

Accel Entertainment reported a strong Q3 2019, marked by increased revenue and net income compared to the previous year. The company's performance was driven by growth in its video gaming terminal operations and strategic acquisitions, expanding its footprint and market presence.

  • Revenue increased to $86.4 million, up 16% year-over-year.
  • Net income rose to $7.4 million, compared to $6.3 million in the same period last year.
  • Adjusted EBITDA increased 14% to $24.9 million.
  • The company expanded its footprint through strategic acquisitions and organic growth.

Headline financials

Total Revenue

$0.00

Previous: $81.7M-100.0%
EPS (adj)

-$0.03

Previous: $0.03-187.4%
Adjusted EBITDA

$24.9M

Previous: $21.8M+14.2%
Capital Expenditures

$9.28M

No prior period
Free Cash Flow

-$3.3M

No prior period
Net Income

-$3.3M

Previous: $1.93M-270.9%
Operating Income

-$5.3M

Previous: -$138K-3750.0%
Gross Profit

-$5.3M

Previous: $29.9M-117.7%
Cash & Equivalents

$79.6K

No prior period
Total Assets

$430M

No prior period
Stock-Based Comp

$127K

No prior period

Revenue & EPS history

Accel Entertainment · Revenue · Quarterly

$0

Q3 2019-100%vs Q3 2018
Beat estimate in 5 of 6 quarters(83%)
ActualEstimate

Forward guidance

Accel Entertainment anticipates continued growth driven by expansion in existing markets, strategic acquisitions, and the ongoing demand for video gaming.

Tailwinds

  • Continued expansion in existing markets.
  • Strategic acquisitions to expand footprint.
  • Strong demand for video gaming.
  • Focus on operational efficiency.
  • Growing network of locations.

Headwinds

  • Increased competition in the gaming market.
  • Potential regulatory changes affecting operations.
  • Economic downturn impacting consumer spending.
  • Integration challenges with acquired businesses.
  • Fluctuations in gaming win rates.

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 Q3 2019

Historical avgQ3 2019

-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

Earnings price reactions
QuarterReport dateReaction (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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