Reading International (NASDAQ:RDI) Issues Earnings Results

Reading International (NASDAQ:RDI) posted its quarterly earnings data on Tuesday. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.09, FiscalAI reports. The company had revenue of $50.27 million for the quarter, compared to analysts’ expectations of $53.27 million.

Reading International Stock Performance

Shares of RDI traded up $0.04 during trading hours on Tuesday, hitting $1.13. 17,831 shares of the stock were exchanged, compared to its average volume of 26,257. The stock’s 50-day moving average price is $1.09 and its two-hundred day moving average price is $1.22. Reading International has a 12-month low of $0.94 and a 12-month high of $1.65. The company has a market cap of $25.67 million, a price-to-earnings ratio of -1.85 and a beta of 0.89.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Reading International in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Reading International Company Profile

Reading International, Inc (NASDAQ: RDI) is a diversified entertainment and real estate company headquartered in Santa Monica, California. The company’s principal operating arm is Reading Cinemas, a chain of multiplex movie theaters serving audiences in Australia, New Zealand and the United States. Reading Cinemas locations feature a mix of mainstream and independent film programming, premium large-format screens, special event presentations and concession services designed to enhance the customer experience.

In addition to its exhibition business, Reading International maintains a real estate development and management division focused on retail, office and mixed-use properties.