Cannae Holdings (CNNE)

NYSE:CNNE

CNNE

Cannae Holdings

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Cannae Holdings (CNNE) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 12, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

-0.45

Last Year’s EPS

-3.75

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 2 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 11, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented several strong positives: meaningful shareholder returns and buybacks, substantial operational and financial improvement at Black Knight Football (double-digit revenue growth and a large jump in EBITDA), sizable cuts to holding company costs, and an expected tax refund that supports liquidity. Offsetting these are ongoing weaknesses and impairments in the restaurant group (driving a 7% revenue decline), dependency of BKF results on volatile player trading profits, and continued strategic uncertainty around monetizing non-core assets. On balance, the positive operational momentum, capital returns, and cost reductions outweigh the restaurant-related challenges and near-term volatility.

Company Guidance

The company guided that capital allocation will remain focused on shareholder returns and opportunistic investments, noting Q1 returns of roughly $51 million (about 86% of YTD capital) comprising $43 million of buybacks that repurchased 3.4 million shares (≈7.3% of shares outstanding) and a continuing dividend (current yield 4.2%), with the board expanding the repurchase authorization to 14.9 million shares; management said buyback sizing will be driven by 6–12 month liquidity and potential non‑core asset monetizations (restaurants and others) and that special dividends are not being considered now. Financial and balance‑sheet guideposts include corporate cash of $123 million at quarter end (≈$90 million after subsequent buybacks), an expected ~$45 million cash tax refund plus ~$10 million of tax assets later this year, termination of a margin loan saving ≈$350k annually, only $48 million of 5% interest‑only corporate debt maturing in over four years, and sustained lower holding‑company costs (down ~45% YoY to $8.9 million from $16.1 million with a $3.6 million personnel cost reduction and management expecting that run rate to continue). Operational context and near‑term expectations highlighted: total operating revenues of $96 million (‑7% YoY) and operating expenses of $118 million (vs $125M prior), restaurant actions including closure of 8 O’Charley’s and ~‑$7M lower cost of restaurant revenues partially offset by ~‑$8M of non‑cash impairments, and continued execution in Black Knight Football where 12‑month revenue rose 19% to $274 million, EBITDA grew to $136 million (from $12M in 2024), player trading profits increased to $113M (from $30M) and adjusted EBITDA ex‑trading improved to +$21M (from ‑$5M).

Shareholder Returns and Buybacks

Returned approximately $51 million to shareholders in Q1 via buybacks and dividend (current dividend yield 4.2%). Year-to-date returns represented ~86% of capital allocated (vs ~70% prior year). Repurchased 3.4 million shares (~7.3% of shares outstanding) for $43 million; board expanded repurchase authorization to 14.9 million shares.

Black Knight Football — Strong Sporting and Financial Momentum

AFC Bournemouth sits 6th in the Premier League and is positioned for the club's highest-ever finish and potential European qualification. Black Knight Football revenue increased 19% to $274 million (12 months ended 12/31/2025). Reported EBITDA rose from $12 million in 2024 to $136 million in 2025 (≈+1,033%), driven by player sales and improved commercial revenue.

Player Trading Profits Driving Returns

Player trading profits increased from $30 million in 2024 to $113 million in 2025 (≈+277%), demonstrating the multi-club trading model; adjusted EBITDA (ex-player trading) improved from negative $5 million in 2024 to positive $21 million in 2025, showing underlying operational improvement.

Significant Reduction in Holding Company Costs

Corporate holding company expenses decreased to $8.9 million in Q1 2026 from $16.1 million in Q1 2025, a reduction of $7.2 million or ~45% year-over-year, driven by lower personnel, bonus and stock comp costs; management expects this run rate to continue.

Balance Sheet and Liquidity Actions

Corporate cash was $123 million at quarter end and approximately $90 million after continued buybacks. Cannae terminated its margin loan (reducing fees by ~$350k annually). Only corporate-level debt outstanding is $48 million of 5% fixed-rate term debt with >4 years to maturity.

Expected Tax Refund and Additional Tax Assets

Filed corporate tax return and refund claim; expect to receive ~ $45 million cash refund and ~ $10 million of additional tax assets later in the year, which will bolster liquidity for buybacks or investments.

Cannae Holdings (CNNE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CNNE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 12, 2026	2026 (Q2)	-0.45 / -	-3.75	―	―	―
May 11, 2026	2026 (Q1)	-0.44 / -0.70	-1.81	61.33% (+1.11)	―
Feb 23, 2026	2025 (Q4)	-0.38 / -1.93	-0.74	-160.81% (-1.19)	―
Nov 10, 2025	2025 (Q3)	-0.29 / -1.06	-0.22	-381.82% (-0.84)	―
Aug 11, 2025	2025 (Q2)	-0.28 / -3.75	-2.49	-50.60% (-1.26)	―
May 12, 2025	2025 (Q1)	-0.40 / -1.81	-1.27	-42.52% (-0.54)	―
Feb 24, 2025	2024 (Q4)	-0.29 / -0.74	-0.83	10.84% (+0.09)	―
Nov 12, 2024	2024 (Q3)	-0.22 / -0.22	-2.18	89.91% (+1.96)	―
Aug 08, 2024	2024 (Q2)	-0.17 / -2.49	-1.16	-114.66% (-1.33)	―
May 09, 2024	2024 (Q1)	-0.10 / -1.27	-0.05	-2440.00% (-1.22)	―

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
May 11, 2026	$13.84	$13.44	-2.89%
Feb 23, 2026	$12.51	$11.60	-7.26%
Nov 10, 2025	$16.86	$15.14	-10.21%
Aug 11, 2025	$19.52	$17.28	-11.44%

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 Aug 12, 2026, Before Open (Confirmed).

What is Cannae Holdings (CNNE) earnings time?

Cannae Holdings (CNNE) earnings time is at Aug 12, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

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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 (Q2) is -0.45.