Reading International (NASDAQ:RDI) Announces Quarterly Earnings Results, Beats Expectations By $0.09 EPS

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

Reading International Price Performance

Shares of RDI traded up $0.04 during mid-day trading on Tuesday, reaching $1.13. The stock had a trading volume of 17,831 shares, compared to its average volume of 26,257. The business’s fifty day moving average is $1.09 and its 200 day moving average is $1.22. Reading International has a 52-week low of $0.94 and a 52-week high of $1.65. The firm has a market cap of $25.67 million, a price-to-earnings ratio of -1.85 and a beta of 0.89.

Analyst Ratings Changes

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