Noble Financial Has Negative Estimate for CDRO Q3 Earnings

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) – Investment analysts at Noble Financial decreased their Q3 2026 earnings per share (EPS) estimates for shares of Codere Online Luxembourg in a research report issued on Monday, September 21st. Noble Financial analyst M. Kupinski now anticipates that the company will post earnings of $0.07 per share for the quarter, down from their prior forecast of $0.10. The consensus estimate for Codere Online Luxembourg’s current full-year earnings is $0.36 per share. Noble Financial also issued estimates for Codere Online Luxembourg’s Q4 2026 earnings at $0.15 EPS, FY2026 earnings at $0.34 EPS and FY2027 earnings at $0.63 EPS.

CDRO has been the topic of a number of other research reports. Weiss Ratings lowered shares of Codere Online Luxembourg from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, September 16th. Wall Street Zen downgraded Codere Online Luxembourg from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.00.

Codere Online Luxembourg Stock Performance

Shares of Codere Online Luxembourg stock opened at $9.00 on Wednesday. Codere Online Luxembourg has a 52-week low of $5.18 and a 52-week high of $10.26. The company’s 50 day moving average price is $9.14 and its 200-day moving average price is $9.07.

Institutional Trading of Codere Online Luxembourg

A hedge fund recently raised its position in Codere Online Luxembourg stock. Citadel Advisors LLC grew its position in shares of Codere Online Luxembourg, S.A. (NASDAQ:CDRO) by 256.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 38,355 shares of the company’s stock after acquiring an additional 27,599 shares during the period. Citadel Advisors LLC owned about 0.08% of Codere Online Luxembourg worth $367,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 10.30% of the company’s stock.

Codere Online Luxembourg Company Profile

Codere Online Luxembourg SA is an online gaming company that operates digital sports betting and casino platforms under the Codere brand. Its products are available through websites and mobile applications, offering customers sports wagering, casino games and related online gaming services.

The company serves regulated markets in Europe and Latin America, including Spain, Mexico, Colombia and Argentina. Its offerings and market presence vary by jurisdiction and are subject to local licensing and regulatory requirements.

Codere Online was established as the online gaming business of the broader Codere Group and became a publicly traded company on Nasdaq in 2021 through a business combination with a special purpose acquisition company.