Cannae Holdings Earnings Preview
Portfolio Pulse from Benzinga Insights
Cannae Holdings (NYSE:CNNE) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts expecting an EPS of $-0.55. The company's past earnings performance shows a history of not meeting EPS estimates, leading to negative stock price reactions. Shares are currently trading at $20.69, reflecting an 8.48% decrease over the last year. Investors are looking for positive guidance for the next quarter.
February 20, 2024 | 7:02 pm
News sentiment analysis
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NEGATIVE IMPACT
Cannae Holdings is expected to report an EPS of $-0.55 for the upcoming quarter. Historical data shows negative reactions to past earnings misses. The stock has declined 8.48% over the last year.
Given Cannae Holdings' history of not meeting EPS estimates and the subsequent negative impact on its stock price, it's likely that any deviation from the expected EPS could lead to a further decline in the short term. The anticipation of the earnings report and the emphasis on future guidance also suggest that investor sentiment is closely tied to these announcements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100