Equities Analysts Offer Predictions for CDRO Q3 Earnings

Key Points

• Noble Financial cut Codere Online’s Q3 2026 EPS estimate to $0.07 from $0.10, while projecting $0.34 EPS for FY2026 and $0.63 for FY2027.
• Analyst sentiment is cautious: Codere Online was downgraded by Weiss Ratings and Wall Street Zen, with three analysts assigning a “Hold” rating and an average price target of $10.00.
• CDRO opened at $9.00, down 3.3%, while Citadel Advisors increased its stake by 256.6% in the second quarter; institutional investors and hedge funds collectively own 10.3% of the stock.

Codere Online Luxembourg, S.A. (NASDAQ:CDRO - Free Report) - Equities research analysts at Noble Financial reduced their Q3 2026 earnings per share estimates for shares of Codere Online Luxembourg in a report issued on Monday, September 21st. Noble Financial analyst M. Kupinski now expects that the company will earn $0.07 per share for the quarter, down from their previous estimate 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.

Other analysts have also issued reports about the company. Weiss Ratings lowered Codere Online Luxembourg from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, September 16th. Wall Street Zen downgraded shares of 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, Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $10.00.

Codere Online Luxembourg Stock Down 3.3%

NASDAQ CDRO opened at $9.00 on Wednesday. The firm's 50-day simple moving average is $9.14 and its two-hundred day simple moving average is $9.07. Codere Online Luxembourg has a 52 week low of $5.18 and a 52 week high of $10.26.

Hedge Funds Weigh In On Codere Online Luxembourg

A hedge fund recently raised its position in Codere Online Luxembourg stock. Citadel Advisors LLC raised its position in shares of Codere Online Luxembourg, S.A. (NASDAQ:CDRO - Free Report) by 256.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,355 shares of the company's stock after purchasing an additional 27,599 shares during the period. Citadel Advisors LLC owned approximately 0.08% of Codere Online Luxembourg worth $367,000 at the end of the most recent reporting period. 10.30% of the stock is currently owned by institutional investors and hedge funds.

About Codere Online Luxembourg

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.

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