Cannae Holdings, Inc. (NYSE:CNNE) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates
Cannae Holdings, Inc. (NYSE:CNNE) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates
Last week, you might have seen that Cannae Holdings, Inc. (NYSE:CNNE) released its second-quarter result to the market. The early response was not positive, with shares down 5.4% to US$19.13 in the past week. The results don't look great, especially considering that statutory losses grew 1,309% toUS$2.49 per share. Revenues of US$118m did beat expectations by 5.4%, but it looks like a bit of a cold comfort. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
上週,你可能已經看到Cannae Holdings, Inc. (紐交所: CNNE)發佈了第二季度的業績報告。早期反響並不積極,截至上週股價下跌了5.4%,至19.13美元。考慮到法定虧損增長了1,309%至每股2.49美元,其業績看起來並不樂觀。11800萬美元的營業收入超出預期5.4%,但這似乎並沒有太大的安慰作用。分析師通常在每個公佈業績時更新其預測,我們可以通過他們的估計來判斷他們對公司的看法是否發生了變化,或者是否有任何需要注意的新問題。考慮到這一點,我們已經收集了最新的預測數據,以了解分析師對明年的預期。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240811/0-10f1e3682cec133e11f92d4b3433bbe2-0-a1e1351de87c22548ee3ea24309572f6.png/big)
After the latest results, the consensus from Cannae Holdings' three analysts is for revenues of US$429.7m in 2024, which would reflect a chunky 13% decline in revenue compared to the last year of performance. The loss per share is expected to greatly reduce in the near future, narrowing 76% to US$1.80. Before this latest report, the consensus had been expecting revenues of US$436.3m and US$1.81 per share in losses.
根據最新的報告,Cannae Holdings三名分析師的共識是,2024年營業收入爲42970萬美元,較去年下降13%。每股虧損預計將大幅降低,縮小76%至每股1.80美元。在最新的報告之前,共識是預計營業收入爲43630萬美元,每股虧損爲1.81美元。
The consensus price target was unchanged at US$28.00, suggesting that the business - losses and all - is executing in line with estimates. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Cannae Holdings analyst has a price target of US$31.00 per share, while the most pessimistic values it at US$26.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
共識目標價保持不變,爲28.00美元,表明企業-包括虧損在內-與估計值一致。然而,從這些數據中我們可以得到的結論不止於此,因爲一些投資者也喜歡在評估分析師價格目標時考慮其估價差距。最樂觀的Cannae Holdings分析師價格目標爲31.00美元,而最悲觀的分析師價格目標爲26.00美元。由於估值範圍非常窄,分析師顯然對他們對業務的價值有着相似的看法。
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. One more thing stood out to us about these estimates, and it's the idea that Cannae Holdings' decline is expected to accelerate, with revenues forecast to fall at an annualised rate of 24% to the end of 2024. This tops off a historical decline of 13% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 4.6% per year. So it's pretty clear that, while it does have declining revenues, the analysts also expect Cannae Holdings to suffer worse than the wider industry.
現在來看更大的圖片,我們可以通過比較這些預測與過去的業績和行業增長預測來理解這些預測的意義。這些預測還有一件事引人注目,那就是Cannae Holdings的下降速度預計將加快,預計2024年年化營收將以24%的速度下降。這補充了過去五年每年下降13%的歷史下降走勢。與此相比,我們的數據表明,在類似行業的其他(有分析師覆蓋)公司中,營業收入預計每年增長4.6%。因此可以很清楚地看出,儘管營業收入下降,分析師也預計Cannae Holdings的表現將比整個行業表現更糟糕。
The Bottom Line
最重要的事情是分析師增加了它對下一年每股虧損的估計。令人欣慰的是,營收預測未發生重大變化,業務仍有望比整個行業增長更快。共識價格目標穩定在28.50美元,最新估計不足以對價格目標產生影響。
The most important thing to take away is that the analysts reconfirmed their loss per share estimates for next year. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
最重要的是,分析師重申了明年每股虧損的估計。好的一面是,營收預測沒有太大的變化;儘管預測表明它們將表現不如整個行業。共識目標價沒有真正變化,表明該企業的內在價值並沒有隨着最新的估計發生重大變化。
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Cannae Holdings analysts - going out to 2025, and you can see them free on our platform here.
沿着這一思路,我們認爲企業的長期前景比明年的收益更重要。我們有多位Cannae Holdings分析師的預測,覆蓋國內外多個市場。您可以在我們的平台上免費查看。
That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Cannae Holdings (at least 1 which can't be ignored) , and understanding them should be part of your investment process.
也必須考慮投資風險的永恒幽靈。我們已經確定Cannae Holdings存在2個預警信號(至少有1個不能忽略),理解它們應該成爲您的投資過程的一部分。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。