What is Noble Financial’s Estimate for CDRO FY2025 Earnings?

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) – Noble Financial lowered their FY2025 earnings estimates for Codere Online Luxembourg in a note issued to investors on Friday, August 1st. Noble Financial analyst M. Kupinski now forecasts that the company will post earnings per share of $0.09 for the year, down from their prior estimate of $0.15. 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 FY2026 earnings at $0.61 EPS.

Codere Online Luxembourg Stock Down 1.7%

Shares of CDRO opened at $8.26 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 1.40. The company’s 50 day simple moving average is $7.96 and its 200-day simple moving average is $7.50. Codere Online Luxembourg has a 12-month low of $5.75 and a 12-month high of $8.76.

Hedge Funds Weigh In On Codere Online Luxembourg

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Codere Online Luxembourg in the 4th quarter valued at $64,000. Geode Capital Management LLC grew its position in Codere Online Luxembourg by 25.0% in the 4th quarter. Geode Capital Management LLC now owns 13,600 shares of the company’s stock valued at $88,000 after buying an additional 2,723 shares during the last quarter. Hood River Capital Management LLC grew its position in Codere Online Luxembourg by 64.7% in the 4th quarter. Hood River Capital Management LLC now owns 25,596 shares of the company’s stock valued at $165,000 after buying an additional 10,059 shares during the last quarter. Finally, FNY Investment Advisers LLC grew its position in Codere Online Luxembourg by 15.3% in the 1st quarter. FNY Investment Advisers LLC now owns 424,661 shares of the company’s stock valued at $3,078,000 after buying an additional 56,484 shares during the last quarter. 10.30% of the stock is currently owned by hedge funds and other institutional investors.

Codere Online Luxembourg Company Profile

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.