Accel Leisure (ACEL) got here out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.25 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 10%. 1 / 4 in the past, it was anticipated that this firm would put up earnings of $0.17 per share when it truly produced earnings of $0.26, delivering a shock of 52.94%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 instances.
Accel Leisure
The sustainability of the inventory’s quick worth motion primarily based on the recently-released numbers and future earnings expectations will principally depend upon administration’s commentary on the earnings name.
Accel Leisure shares have added about 12% because the starting of the yr versus the S&P 500’s achieve of 8.8%.
What’s Subsequent for Accel Leisure?
Whereas Accel Leisure has outperformed the market thus far this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist traders deal with that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a formidable observe report of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for Accel Leisure: favorable. Whereas the magnitude and course of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #2 (Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.23 on $303.77 million in revenues for the approaching quarter and $0.84 on $1.2 billion in revenues for the present fiscal yr.
Traders ought to be aware of the truth that the outlook for the trade can have a cloth impression on the efficiency of the inventory as nicely. When it comes to the Zacks Trade Rank, Gaming is presently within the backside 42% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One different inventory from the identical trade, Century Casinos (CNTY), is but to report outcomes for the quarter ended March 2024. The outcomes are anticipated to be launched on Could 9.
This on line casino operator is anticipated to put up quarterly lack of $0.53 per share in its upcoming report, which represents a year-over-year change of -1225%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Century Casinos’ revenues are anticipated to be $139.7 million, up 28.7% from the year-ago quarter.
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Accel Entertainment, Inc. (ACEL) : Free Stock Analysis Report
Century Casinos, Inc. (CNTY) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
