Accel Entertainment, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Accel Entertainment, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Accel Entertainment, Inc. (NYSE:ACEL) defied analyst predictions to release its quarterly results, which were ahead of market expectations. Accel Entertainment beat earnings, with revenues hitting US$309m, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 11%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
Accel Entertainment,Inc.(紐交所:ACEL)發佈了季度業績,超出市場預期。Accel Entertainment的營收達到了3.09億美元,超過預期,每股收益比分析師的預測高出11%。投資者可以通過業績跟蹤公司的表現,查看分析師對明年的預測以及是否有對該公司的情緒發生了變化。我們認爲,讀者會發現分析師們對明年的(法定)業績預測很有趣。
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Taking into account the latest results, Accel Entertainment's three analysts currently expect revenues in 2024 to be US$1.21b, approximately in line with the last 12 months. Statutory earnings per share are expected to decline 15% to US$0.50 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$1.20b and earnings per share (EPS) of US$0.51 in 2024. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
考慮到最近的業績,Accel Entertainment的三位分析師目前預計2024年的營收約爲12.1億美元,與過去12個月大致相同。同期法定每股收益預計下降15%,至0.50美元。在此次業績發佈之前,分析師們預測2024年的營收爲12億美元,每股收益(EPS)爲0.51美元。總體而言,分析師們似乎沒有看到這些結果中有任何改變他們對該公司的看法,因爲他們的預測沒有發生重大變化。
There were no changes to revenue or earnings estimates or the price target of US$14.67, suggesting that the company has met expectations in its recent result. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Accel Entertainment analyst has a price target of US$15.00 per share, while the most pessimistic values it at US$14.00. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.
在最近的結果中,對營收或盈利預測或14.67美元的目標價格沒有變化,這表明該公司已經達到了預期。然而,固執地追求單一的目標可能不明智,因爲共識目標實際上是分析師目標價格的平均值。因此,一些投資者喜歡查看各種估計值的範圍,以查看對公司估值是否存在任何分歧。最樂觀的Accel Entertainment分析師的目標股價爲15.00美元,而最悲觀的目標爲14.00美元。估計值的狹窄波動區間可能表明該企業的未來相對容易被估值,或者分析師們對該企業的前景持有強烈的看法。
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that Accel Entertainment's revenue growth is expected to slow, with the forecast 2.9% annualised growth rate until the end of 2024 being well below the historical 28% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 9.6% annually. Factoring in the forecast slowdown in growth, it seems obvious that Accel Entertainment is also expected to grow slower than other industry participants.
我們可以把這些估計值放在更大的背景下來看待,比如它們與過去表現的對比以及預測相對於行業其他公司是否更加看好。值得一提的是,Accel Entertainment的營收增長預計將放緩,預測年化增長率爲2.9%,遠低於過去五年的28%年均增長率。與行業其他公司(具有分析師預測)相比,其預計年均營收增長率爲9.6%。考慮到預測增長放緩,Accel Entertainment也被預計比其他行業參與者增長較慢。
The Bottom Line
最重要的事情是分析師增加了它對下一年每股虧損的估計。令人欣慰的是,營收預測未發生重大變化,業務仍有望比整個行業增長更快。共識價格目標穩定在28.50美元,最新估計不足以對價格目標產生影響。
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
最明顯的結論是,最近該企業的前景沒有發生重大變化,分析師們保持着他們的盈利預測,與之前的估計持平。好消息是,對營收預測沒有發生重大變化。儘管預測表明它們的表現將劣於更廣泛的行業,但預測的價格沒有發生實質性的變化,這表明公司的內在價值沒有在最新的估計中發生重大變化。
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Accel Entertainment going out to 2026, and you can see them free on our platform here..
在這種思路之後,我們認爲,公司的長期前景比明年的盈利更爲重要。在Simply Wall St上,我們對Accel Entertainment的分析師預測進行了全面的估計,追溯到2026年,您可以在這裏免費查看它們。
You still need to take note of risks, for example - Accel Entertainment has 2 warning signs we think you should be aware of.
當然,您仍然需要注意風險,例如 - Accel Entertainment 已有2個警示標誌,我們認爲您應該注意。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。