Accel Entertainment: Q3 Earnings Snapshot

Accel Entertainment, Inc. (ACEL) on Tuesday reported third-quarter profit of $22.4 million.

On a per-share basis, the Burr Ridge, Illinois-based company said it had net income of 25 cents. Earnings, adjusted for non-recurring gains, were 21 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The company posted revenue of $267 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $269.8 million.

Accel Entertainment expects full-year revenue in the range of $960 million to $990 million.

Accel Entertainment shares have dropped 28% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.38, a fall of 29% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ACEL at

Source link