Loading...
•
Dec 31, 2020
Accel Entertainment Q4 2020 Earnings Report
Accel Entertainment reported mixed Q4 2020 results, with revenue declining but EPS exceeding expectations.
Key Takeaways
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.
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.
Positive Outlook
- 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.
Challenges Ahead
- 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.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...