Noble Financial Has Negative Forecast for CDRO Q2 Earnings

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) – Research analysts at Noble Financial reduced their Q2 2025 earnings estimates for Codere Online Luxembourg in a research note issued to investors on Monday, May 19th. Noble Financial analyst M. Kupinski now forecasts that the company will post earnings per share of ($0.01) for the quarter, down from their prior forecast of $0.01. The consensus estimate for Codere Online Luxembourg’s current full-year earnings is ($0.05) per share. Noble Financial also issued estimates for Codere Online Luxembourg’s Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.11 EPS, FY2025 earnings at $0.15 EPS and FY2026 earnings at $0.53 EPS.

Codere Online Luxembourg Price Performance

Shares of CDRO opened at $7.64 on Tuesday. The stock’s 50-day simple moving average is $7.28 and its 200 day simple moving average is $7.22. Codere Online Luxembourg has a 52-week low of $5.75 and a 52-week high of $8.76.

Institutional Trading of Codere Online Luxembourg

A number of institutional investors have recently added to or reduced their stakes in CDRO. FNY Investment Advisers LLC lifted its holdings in Codere Online Luxembourg by 15.3% during the 1st quarter. FNY Investment Advisers LLC now owns 424,661 shares of the company’s stock worth $3,078,000 after purchasing an additional 56,484 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in Codere Online Luxembourg during the 4th quarter worth about $364,000. Diametric Capital LP lifted its holdings in Codere Online Luxembourg by 183.3% during the 4th quarter. Diametric Capital LP now owns 38,743 shares of the company’s stock worth $250,000 after purchasing an additional 25,068 shares in the last quarter. Hood River Capital Management LLC lifted its holdings in Codere Online Luxembourg by 64.7% during the 4th quarter. Hood River Capital Management LLC now owns 25,596 shares of the company’s stock worth $165,000 after purchasing an additional 10,059 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Codere Online Luxembourg in the 4th quarter valued at about $64,000. Hedge funds and other institutional investors own 10.30% of the company’s stock.

About Codere Online Luxembourg

Codere Online Luxembourg, SA operates as an online casino gaming and sports betting company. It also offers online casino wagering products and services, as well as online gambling and other online services. The company offers its products under the Codere and Greenplay brand names. It primarily operates in Spain, Italy, Mexico, Colombia, the United Kingdom, Germany, South Africa, Austria, Malta, Panama, and Argentina.