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Cannae Holdings Q3 revenue declines, posts loss per share amid portfolio shift 

By Reuters News


Overview

  • US diversified holding company reported Q3 revenue declined yr/yr

  • Company posted a Q3 loss per share

  • Cannae is shifting portfolio toward sports and entertainment assets


Outlook

  • Company did not provide specific guidance for current or future quarters


Result Drivers

  • PORTFOLIO SHIFT - Co said it is transitioning portfolio to focus on sports and entertainment-related assets


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

$68.10 mln

$92.25 mln (2 Analysts)

Q3 Loss Per Share

$0.48


Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the restaurants & bars peer group is "buy."

  • Wall Street's median 12-month price target for Cannae Holdings Inc is $17.25, about 2.5% below its November 6 closing price of $17.69


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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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