Cannae Holdings, Inc. (CNNE) Reports Q1 Loss, Lags Revenue Estimates

Financial Performance - Cannae Holdings, Inc. reported a quarterly loss of $0.59 per share, which was worse than the Zacks Consensus Estimate of a loss of$0.56, representing an earnings surprise of -5.36% [1] - The company posted revenues of $103.2 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 3.73$110.7 million a year ago [2] - Over the last four quarters, Cannae has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Cannae shares have declined approximately 7.4% since the beginning of the year, compared to a decline of -3.8% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is -$0.35 on revenues of$115.3 million, and for the current fiscal year, it is -$1.18 on revenues of$445.5 million [7] Industry Outlook - The Financial - Investment Management industry, to which Cannae belongs, is currently ranked in the bottom 14% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Cannae's stock performance [5]