As the Q4 earnings season wraps, let's dig into this quarter's best and worst performers in the gaming solutions industry, including Accel Entertainment (NYSE:ACEL) and its peers.

Gaming solution companies operate in a dynamic and evolving market, and the digital transformation of the gaming industry presents significant opportunities for innovation and growth, whether it be immersive slot machine terminals or mobile sports betting. However, the gaming solution industry is not without its challenges. Regulatory compliance is a crucial consideration as companies must navigate a complex and often fragmented regulatory landscape across different jurisdictions. Changes in regulations can impact product offerings, operational practices, and market access, requiring companies to maintain flexibility and adaptability in their business strategies. Additionally, the competitive nature of the industry necessitates continuous investment in research and development to stay ahead of competitors and meet evolving consumer demands.

The 9 gaming solutions stocks we track reported a decent Q4; on average, revenues beat analyst consensus estimates by 2.6%. Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end of 2023. The beginning of 2024 saw mixed inflation data, however, leading to more volatile stock performance, but gaming solutions stocks have shown resilience, with share prices up 6.2% on average since the previous earnings results.

Accel Entertainment (NYSE:ACEL)

Established in Illinois, Accel Entertainment (NYSE:ACEL) is a provider of electronic gaming machines and interactive amusement terminals to bars and entertainment venues.

Accel Entertainment reported revenues of $297.1 million, up 6.8% year on year, topping analyst expectations by 4.2%. It was a very strong quarter for the company, with an impressive beat of analysts' revenue and earnings estimates.

Accel CEO Andy Rubenstein commented, “I am excited to report that Accel had another record-setting year in 2023. Our continued success demonstrates the long-term viability of focusing on the local gaming market. We continue to explore opportunities throughout the country to expand our reach as an industry leader and remain committed to providing value and positive returns to our investors.”

The stock is up 5.5% since the results and currently trades at $11.13.

Is now the time to buy Accel Entertainment? Access our full analysis of the earnings results here, it's free.

Best Q4: Rush Street Interactive (NYSE:RSI)

Specializing in online casino gaming and sports betting, Rush Street Interactive (NYSE:RSI) is an operator of digital gaming platforms.

Rush Street Interactive reported revenues of $193.9 million, up 17.1% year on year, outperforming analyst expectations by 8.4%. It was an incredible quarter for the company, with an impressive beat of analysts' revenue and earnings estimates, driven by more monthly active users than expected in its U.S. and Canada geographies (160,000 vs estimates of 151,000).

Rush Street Interactive achieved the biggest analyst estimates beat and highest full-year guidance raise among its peers. The stock is up 36.1% since the results and currently trades at $7.32.

Is now the time to buy Rush Street Interactive? Access our full analysis of the earnings results here, it's free.

Weakest Q4: Everi (NYSE:EVRI)

Formed between the 2015 merger of Global Cash Access and Multimedia Games, Everi (NYSE:EVRI) is a producer of games and financial infrastructure for the casino and hospitality industries.

Everi reported revenues of $192 million, down 6.5% year on year, falling short of analyst expectations by 3.1%. It was a weak quarter for the company, with a miss of analysts' revenue estimates.

Everi had the weakest performance against analyst estimates and slowest revenue growth in the group. The stock is down 17.7% since the results and currently trades at $9.28.

Read our full analysis of Everi's results here.

PlayAGS (NYSE:AGS)

Originating as a small slot machine business, PlayAGS (NYSE:AGS) provides electronic gaming machines, table game products, and digital gaming solutions to the casino and gaming industry.

PlayAGS reported revenues of $94.15 million, up 15.2% year on year, surpassing analyst expectations by 1.7%. It was a slower quarter for the company, with a miss of analysts' earnings estimates.

The stock is up 1.4% since the results and currently trades at $9.34.

Read our full, actionable report on PlayAGS here, it's free.

Inspired Entertainment (NASDAQ:INSE)

Specializing in digital casino gaming, Inspired Entertainment (NASDAQ:INSE) is a provider of gaming hardware, virtual sports platforms, and server-based gaming systems.

Inspired Entertainment reported revenues of $97.5 million, up 31.4% year on year, surpassing analyst expectations by 5.1%. It was a weak quarter for the company, with a miss of analysts' earnings estimates.

The stock is down 3% since the results and currently trades at $10.23.

Read our full, actionable report on Inspired Entertainment here, it's free.

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