NYSE$ACEL

Accel Entertainment Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Accel Entertainment reported increased revenue and net income in Q3 2021.

Accel Entertainment reported a strong third quarter with significant increases in revenue and net income. The company continues to expand its footprint and enhance its operational efficiency.

  • Revenue increased to $184.5 million, up 66% year-over-year.
  • Net income reached $12.5 million, a significant increase compared to the previous year.
  • Adjusted EBITDA grew to $41.4 million.
  • The company continues to focus on strategic acquisitions and organic growth opportunities.

Headline financials

Total Revenue

$193M

Previous: $136M+41.8%
EPS (adj)

$0.18

Previous: $0.16+12.5%
Adjusted EBITDA

$41.4M

No prior period
Capital Expenditures

-$18.8M

Previous: -$17.7M-6.3%
Free Cash Flow

-$7.96M

Previous: -$5.51M-44.4%
Net Income

$10.8M

Previous: $12.1M-11.0%
Operating Income

$18.6M

Previous: $8.98M+107.6%
Gross Profit

-$130M

Previous: -$91.8M-41.3%
Cash & Equivalents

$180M

Previous: $179M+0.4%
Total Assets

$600M

Previous: $565M+6.3%
Stock-Based Comp

$966K

Previous: $1.67M-42.1%

Revenue & EPS history

Accel Entertainment · Revenue · Quarterly

$193M

Q3 2021+41.8%vs Q3 2020
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Forward guidance

Accel Entertainment anticipates continued growth and expansion in the coming quarters, driven by strategic initiatives and market opportunities.

Tailwinds

  • Continued expansion in existing markets.
  • Potential for new market entries.
  • Focus on operational efficiencies to improve profitability.
  • Strategic acquisitions to drive growth.
  • Strong performance of current locations.

Headwinds

  • Potential impact of regulatory changes.
  • Increased competition in the gaming market.
  • Economic uncertainties affecting consumer spending.
  • Supply chain disruptions.
  • Labor shortages.

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 2021

Historical avgQ3 2021

-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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