CNNE Earnings Prediction
The chart below shows how CNNE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CNNE sees a -0.81% change in stock price 10 days leading up to the earnings, and a -0.38% change 10 days following the report. On the earnings day itself, the stock moves by +0.56%. This data can give you a slight idea of what to expect for the next quarter's release.
CNNE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
113.90M
-20.68%
-3.47%
Gross Margin
15.45%
1.78%
-18.98%
Operating Margin
-15.89%
-56.03%
-18.47%
Net Margin
-15.36%
-87.07%
-88.31%
EPS
-0.22
-89.91%
-91.16%
No Data Available
CNNE Earnings Analysis
Cannae Holdings, Inc. Common Stock Corporation (CNNE.N) Earnings Conference Call
Positive
Quarterly Revenue Decline: Cannae's third quarter 2024 total revenues were $114 million compared to $144 million in the prior year, primarily comprising our restaurant revenues.
EBITDA Increase Q3: Adjusted EBITDA was $118 million for the third quarter, a 3.5% increase from 2023.
Operating Expenses Reduction: Operating expenses were $132 million, down 33% from the prior year quarter driven by restaurant items and lower external manager fees.
Net Gains Improvement: Cannae recorded $23 million in net gains for the third quarter 2024 compared to $130 million of losses in the prior year.
Shareholder Capital Return: Through the third quarter, we have returned $243 million of capital to our shareholders through a combination of share buybacks and dividends.
Negative
Quarterly Revenue Decline: Cannae's third quarter 2024 total revenues were $114 million compared to $144 million in the prior year, primarily comprising our restaurant revenues.
Revenue Decline and Store Reduction: Change in revenues is largely in line with the reduction of store locations as the 2024 third quarter results reflect 35 fewer locations than the comparable period in 2023.
Restaurant Revenue Decline: The cost of restaurant revenue in the current year quarter was $93 million which is a 20% decrease from the 2023 quarter attributable to the lower locations.
Net Gains Recovery: Cannae recorded $23 million in net gains for the third quarter 2024 compared to $130 million of losses in the prior year.
Net Gains and Losses: The 2024 net gains were primarily non-cash fair value pickups relating to Dayforce and Paysafe shares, while the prior year losses were non-cash impairments of System 1 and Sightline.
CNNE FAQs
How does CNNE typically perform around its earnings report dates?
Is Cannae Holdings, Inc. (CNNE) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
CNNE Earning Call Sentiment
Cannae Holdings, Inc. (CNNE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CNNE.N
-1.85%Positive
The earnings call summary indicates strong financial metrics with improved net gains and liquidity, despite a revenue decline. Positive updates on portfolio companies and shareholder returns through dividends and buybacks are encouraging. The Q&A section reveals cautious optimism about future investments and strategic focus, without immediate concerns. The market cap suggests potential for more significant price movement. Overall, the sentiment is positive, with a likely stock price increase in the range of 2% to 8% over the next two weeks.
