ACEL acquired Fairmount Holdings, owner of FanDuel Sportsbook & Horse Racing. The deal is valued at $35 million, expanding ACEL's gaming market presence. ACEL gains an Organization Gaming License and plans to invest in casino development. The company aims to enhance horse racing facilities and food and beverage amenities. Shares of ACEL have increased 5.7% in the past six months.
- ACEL earnings of $0.22 per share beat estimates and show a 10% surprise. - Revenue of $301.82 million surpassed estimates by 1.36%. - Company's stock has gained 12% YTD, outperforming the S&P 500's 8.8%. Price Impact Rating: Bullish Impact Horizon Rating: Short-term Type: Earnings
- Accel Entertainment (ACEL) has consistently surpassed earnings estimates, with an average beat of 45.22%. - Earnings for the last reported quarter exceeded expectations, with a surprise of 52.94%. - Estimates for Accel Entertainment have been trending higher, with a positive Earnings ESP of +25%. Price Impact Rating: bullish Impact Horizon Rating: short-term Type: Research Analysis