Overview

* Accel Entertainment ( ACEL ) Q3 revenue grows 9.1%, beating analyst expectations

* Adjusted EBITDA for Q3 beats consensus, reflecting operational efficiency

* Company completes $900 mln credit facility, enhancing growth capital flexibility

Outlook

* Company sees opportunities from Fairmount Park ramp-up and Louisiana market expansion

* Accel expects distributed gaming growth in new states and markets

* Company strengthened balance sheet with new credit facility, enhancing growth capital flexibility

Result Drivers

* MARKET EXPANSION - Growth in Illinois and Montana markets contributed to revenue increase, leveraging scale to drive efficiencies and optimize location mix

* NEW MARKETS CONTRIBUTION - Louisiana and Fairmount Park Casino & Racing ramping up, contributing to consolidated growth

* CREDIT FACILITY - Completion of $900 mln credit facility enhances growth capital flexibility and lowers cost of capital

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $329.69 $328 mln

Revenue mln (4

Analysts

)

Q3 Net $13.30

Income mln

Q3 Beat $51.17 $50.30

Adjusted mln mln (4

EBITDA Analysts

)

Q3 $25.36

Operatin mln

g income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the casinos & gaming peer group is "buy"

* Wall Street's median 12-month price target for Accel Entertainment Inc ( ACEL ) is $16.00, about 37.6% above its November 3 closing price of $9.99

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)