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

Reading International (NASDAQ:RDI) announced its earnings results on Tuesday. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.09, FiscalAI reports. The business had revenue of $50.27 million for the quarter, compared to the consensus estimate of $53.27 million.

Reading International Price Performance

NASDAQ: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. Reading International has a 12 month low of $0.94 and a 12 month high of $1.65. The stock has a market capitalization of $25.67 million, a PE ratio of -1.85 and a beta of 0.89. The stock has a 50-day simple moving average of $1.09 and a two-hundred day simple moving average of $1.22.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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, the stock currently has a consensus rating of “Sell”.

About Reading International

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.