Noble Financial Has Negative Outlook of CDRO FY2024 Earnings

Codere Online Luxembourg, S.A. (NASDAQ:CDRO) – Analysts at Noble Financial lowered their FY2024 earnings per share estimates for shares of Codere Online Luxembourg in a note issued to investors on Monday, December 2nd. Noble Financial analyst M. Kupinski now forecasts that the company will post earnings of ($0.07) per share for the year, down from their prior forecast of $0.10. The consensus estimate for Codere Online Luxembourg’s current full-year earnings is ($0.05) per share.

Codere Online Luxembourg Price Performance

CDRO stock opened at $7.90 on Wednesday. Codere Online Luxembourg has a twelve month low of $2.90 and a twelve month high of $8.76. The stock has a 50-day simple moving average of $7.93 and a two-hundred day simple moving average of $7.84.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Codere Online Luxembourg stock. Renaissance Technologies LLC lifted its holdings in shares of Codere Online Luxembourg, S.A. (NASDAQ:CDRO) by 98.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,801 shares of the company’s stock after purchasing an additional 39,601 shares during the quarter. Renaissance Technologies LLC owned 0.18% of Codere Online Luxembourg worth $650,000 at the end of the most recent quarter. Institutional investors and hedge funds own 10.30% of the company’s stock.

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.