Cannae Holdings Inc reports results for the quarter ended in June - Earnings Summary

Cannae Holdings

09/08/2024 24:16

* Cannae Holdings Inc  CNNE.N  reported a quarterly adjusted
loss
of $2.49​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of
$-1.16.  The mean expectation of three analysts for the quarter
was for a loss of 17 cents per share. Wall Street expected
results to range from -29 cents to -9 cents per share.
    * Revenue fell 22.8% to $118.00 million from a year ago;
analysts
expected $112.00 million. 
    * Cannae Holdings Inc's reported EPS for the quarter was a
loss of
$2.49​.
    * The company reported a quarterly loss of $155 million.
    * Cannae Holdings Inc shares had risen by 6.8% this
quarter and
lost 0.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 3 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the investment
holding
companies peer group is also "strong buy"

Wall Street's median 12-month price target for Cannae Holdings
Inc is $28.00 
This summary was machine generated from LSEG data August 8 at
11:16 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.17          -2.49          Missed
 Mar. 31 2024      -0.18          -1.27          Missed
 Dec. 31 2023      -0.55          -0.83          Missed
 Sep. 30 2023      -0.33          -2.18          Missed