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Cannae Holdings (CNNE)
NYSE:CNNE
Earnings Data
Report Date
May 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.43Last Year’s EPS
-1.81Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of meaningful strategic successes and near-term operational challenges. Positives include a major liquidity-generating sale (Dun & Bradstreet for $630 million), substantial capital returned to shareholders ($323 million buybacks and a 25% dividend increase), targeted investments to concentrate the portfolio in sports and entertainment, improved reporting and governance, and encouraging operating performance at Black Knight Football Club (on-field results, transfer proceeds, stadium expansion, and full ownership of FC Lorient). Lowlights center on declining revenues (Q4 down ~6%, full year down ~6.4%), a larger operating loss (up ~$15 million year-over-year), noncash impairments and nonrecurring charges (including proxy-contest fees), and below-the-line goodwill/mark-to-market losses (e.g., Alight). Overall, management is taking active strategic steps to address underperformance and redeploy capital; the strength of recent monetizations, capital returns and portfolio refocus were emphasized as outweighing near-term operating setbacks.Company Guidance
Large Portfolio Monetization — Dun & Bradstreet Sale
Sold Dun & Bradstreet to Clearlake Capital for total proceeds of $630 million to Cannae, providing significant liquidity to redeploy into higher-conviction opportunities.
Capital Returns to Shareholders
Repurchased $323 million of stock (17.4 million shares), representing roughly 28% of shares outstanding, and increased the quarterly dividend by 25% to $0.15 (total dividends paid of $30 million in 2025).
Tax Refund from Realized Losses
Realized losses on sales of Paysafe, System1 and Sightline created a $55 million tax refund expected to be received in summer 2026, improving near-term corporate liquidity.
Strategic Investments and Increased Stakes
Made new strategic investments including an additional $50 million into Black Knight Football Club and $67.5 million into JANA Partners (increasing Cannae's ownership from 20% to 50%), shifting the portfolio toward proprietary private opportunities.
Black Knight Football Club Performance and Growth Plans
Multiple signs of strong operating performance: AFC Bournemouth sits 8th in the Premier League with 38 points through 27 matches; over $400 million in transfer proceeds across the last two windows (reported as second highest net profit in European football); acquisition of remaining 60% of FC Lorient for ~EUR 60 million making BKFC 100% owner; Moreirense sits 7th in the Primeira Liga with 33 points. Stadium expansion underway: Phase 1 adds ~1,500 seats and ~600 hospitality seats (~100% hospitality increase) for 2026/27; Phase 2 will increase capacity to over 20,000 seats (~80% capacity increase) by 2027/28.
Improved Reporting, Governance and Strategic Focus
Board refreshed with four new independent directors in 2025, committed to governance enhancements; management broadened reporting to provide greater asset-level transparency (including a Black Knight Football overview deck) and set a clear strategic priority to concentrate on sports and entertainment assets.
Balance Sheet and Liquidity Position
Reported over $1.3 billion in total assets and $330 million of liabilities at year-end; corporate cash of over $147 million and only $48 million of fixed-rate, interest-only corporate debt (maturing in over four years). Expectation to receive $55 million tax refund further supports liquidity.
Operating Expense Improvements (Excluding One-Time/Noncash Items)
Fourth quarter operating expenses were $127 million versus $132 million prior year, and excluding a $12 million noncash impairment they decreased by approximately $17 million (~13%). For the full year, management stated operating expenses would have declined by approximately 27% excluding nonrecurring fees and impairments.
CNNE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CNNE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 23, 2026 | $12.67 | $11.75 | -7.26% |
Nov 10, 2025 | $17.08 | $15.34 | -10.19% |
Aug 11, 2025 | $19.77 | $17.51 | -11.43% |
May 12, 2025 | $18.37 | $17.39 | -5.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cannae Holdings (CNNE) report earnings?
Cannae Holdings (CNNE) is schdueled to report earning on May 13, 2026, Before Open (Confirmed).
What is Cannae Holdings (CNNE) earnings time?
Cannae Holdings (CNNE) earnings time is at May 13, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNNE EPS forecast?
CNNE EPS forecast for the fiscal quarter 2026 (Q1) is -0.43.