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 -0.50% change in stock price 10 days leading up to the earnings, and a -1.56% change 10 days following the report. On the earnings day itself, the stock moves by +0.53%. 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
109.90M
-7.88%
-3.51%
Gross Margin
13.38%
-4.97%
-13.40%
Operating Margin
-20.02%
-3.29%
25.99%
Net Margin
-41.67%
-11.55%
171.29%
EPS
-0.74
-19.57%
236.36%
No Data Available
CNNE Earnings Analysis
Cannae Holdings Inc Corporation (CNNE.N) Earnings Conference Call
Positive
Strategic NAV Enhancement: Cannae Holdings has a long-term strategic plan aimed at increasing net asset value (NAV) and narrowing the discount to intrinsic value of shares, which management believes will drive stock price growth.
Divestiture and Financial Strategy: The company successfully facilitated a $1.2 billion sale of Alight's payroll and professional services divisions, simplifying the business and enabling share repurchases and dividend initiation.
Record Revenue and Ranking: AFC Bournemouth achieved a 14% revenue increase in fiscal year 2024 and is currently ranked sixth in the Premier League, its highest ever, with a new training facility opening soon.
New Private Investments: Cannae made several new private investments in 2024, including a 20% equity interest in JANA Partners, which is expected to generate high returns and cash distributions.
Acquisition Impact on Growth: The acquisition of a majority stake in the Watkins Company, which has shown consistent growth and profitability, is expected to improve results in 2025.
Shareholder Capital Return: Cannae returned significant capital to shareholders through share repurchases and a newly initiated quarterly dividend, totaling approximately $245 million in 2024.
Management Alignment and Performance: The internalization of management and alignment of compensation with shareholder interests is expected to enhance performance and shareholder value.
Organic Revenue Growth: Dun and Bradstreet achieved 3% organic revenue growth for the full year 2024 and improved its capital structure, reducing net leverage to 3.6 times.
Adjusted EBITDA Growth: Alight's adjusted EBITDA increased by 5% year-over-year, and the company expects mid-to-high single-digit growth in adjusted EBITDA for 2025.
New Product Launch Success: Minden Mill Distilling launched several new products that received high ratings and awards, indicating strong market potential and expected growth in 2025.
Negative
Earnings Miss Report: Cannae Holdings, Inc. misses on earnings expectations, reporting an EPS of $-0.74 compared to expectations of $-0.42.
Revenue Decline Analysis: Total operating revenue decreased by 8% compared to the previous year, primarily due to lower restaurant revenue.
Restaurant Sector Challenges: The restaurant sector continues to face headwinds, with many brands struggling for market share in a shrinking food away from home budget.
Share Sale Losses Impact: Cannae recognized losses from the sale of shares in Alight and Paysafe, which impacted overall financial performance.
Equity Investment Losses: Net losses from equity method investments were $12 million in Q4 2024, although this was a reduction from the previous year.
Share Price Discount Analysis: Cannae shares closed at $19.19, reflecting a 36% discount to the net asset value of approximately $1.9 billion.
CNNE FAQs
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CNNE Earning Call Sentiment
Cannae Holdings, Inc. (NYSE:CNNE) Q4 2024 Earnings Call Transcript
CNNE.N
1.71%Positive
Despite strong shareholder returns through dividends and buybacks, the EPS miss, revenue decline, and market perception issues weigh heavily. The Q&A revealed concerns about financial stability and vague management responses. The market cap suggests a moderate reaction, but overall sentiment remains negative.
