NYSE$ACEL
Accel Entertainment Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Accel Entertainment's Q3 2023 performance reflected continued growth and strategic investments.
Accel Entertainment reported a strong Q3 2023, marked by revenue growth, increased net income, and strategic investments in new markets and technology. The company continues to expand its footprint and enhance its operational capabilities.
- Revenue increased to $113.9 million, up 7.7% year-over-year.
- Net income reached $11.2 million, compared to $10.3 million in the prior year.
- Adjusted EBITDA rose to $26.9 million from $25.5 million year-over-year.
- The company expanded its footprint to over 3,600 locations.
Headline financials
Revenue & EPS history
Accel Entertainment · Revenue · Quarterly
$287M
Forward guidance
Accel Entertainment anticipates continued growth driven by expansion in existing and new markets, as well as ongoing investments in technology and operational efficiency. The company expects to maintain its strong financial performance and market leadership.
Tailwinds
- Continued expansion in existing markets.
- Entry into new markets with favorable regulatory environments.
- Investments in technology to enhance operational efficiency.
- Focus on strategic acquisitions to expand market presence.
- Strong relationships with location partners.
Headwinds
- Potential regulatory changes impacting the gaming industry.
- Increased competition in the video gaming terminal market.
- Economic downturn affecting consumer spending.
- Challenges in integrating 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 2023
-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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