Cannae Holdings Q4 2023 GAAP EPS $(0.83) Misses $(0.55) Estimate, Sales $119.30M Miss $138.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cannae Holdings (NYSE:CNNE) reported Q4 2023 GAAP EPS of $(0.83), missing the $(0.55) estimate, with sales of $119.30M also missing the $138.27M estimate. This represents a 23.38% decrease in sales compared to the same period last year.
February 21, 2024 | 10:12 pm
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NEGATIVE IMPACT
Cannae Holdings reported a significant miss in both EPS and sales for Q4 2023, with a notable year-over-year decrease in sales.
The significant miss in both EPS and sales expectations, coupled with a substantial year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the comparison to last year's performance are critical factors in this analysis.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100