NYSE$ACEL

Accel Entertainment Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Accel Entertainment reported mixed Q4 2020 results, with revenue declining but EPS exceeding expectations.

Accel Entertainment's Q4 2020 revenue decreased compared to the previous year, but the company achieved a higher EPS than anticipated. The company focused on cost management and operational efficiencies during the quarter.

  • Revenue decreased by 13.8% to $64.2 million compared to Q4 2019.
  • Net income increased to $4.4 million, or $0.05 per diluted share.
  • Adjusted EBITDA decreased 1.1% to $20.9 million.
  • The company ended the year with $138.4 million in cash and cash equivalents.

Headline financials

Total Revenue

$74.4M

Previous: $121M-38.7%
EPS (adj)

-$0.04

Previous: -$0.18+77.8%
Total Locations

13.3K

No prior period
Adjusted EBITDA

$20.9M

No prior period
Capital Expenditures

$8.11M

Previous: $918K+782.9%
Free Cash Flow

-$15.9M

Previous: $48M-133.1%
Net Income

$4.4M

Previous: -$3.09M+242.3%
Operating Income

$8M

Previous: $23.2M-65.5%
Gross Profit

$25.1M

Previous: $152M-83.5%
Cash & Equivalents

$138M

Previous: $125M+10.4%
Total Assets

$560M

Previous: $509M+10.0%
Stock-Based Comp

$1.48M

Previous: $1.85M-20.0%

Revenue & EPS history

Accel Entertainment · Revenue · Quarterly

$74.4M

Q4 2020-38.7%vs Q4 2019
Beat estimate in 6 of 8 quarters(75%)
ActualEstimate

Forward guidance

Accel Entertainment provided guidance for 2021, anticipating continued recovery and growth in the video gaming market. The company expects to benefit from increased consumer spending and the expansion of its footprint.

Tailwinds

  • Expected continued recovery in the video gaming market.
  • Anticipated benefits from increased consumer spending.
  • Planned expansion of the company's footprint.
  • Focus on operational efficiencies to drive profitability.
  • Strong cash position to support growth initiatives.

Headwinds

  • Uncertainty regarding the ongoing impact of the COVID-19 pandemic.
  • Potential for increased competition in the video gaming market.
  • Risk of regulatory changes affecting the industry.
  • Possible delays in the deployment of new gaming terminals.
  • Challenges in managing costs in a dynamic economic environment.

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 Q4 2020

Historical avgQ4 2020

-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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