Reading International (NASDAQ:RDI) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Reading International (NASDAQ:RDI) posted its earnings results on Friday. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04, Zacks reports. The business had revenue of $66.90 million for the quarter, compared to analyst estimates of $63.47 million.

Reading International Price Performance

NASDAQ:RDI traded up $0.15 during trading hours on Friday, reaching $1.61. The company’s stock had a trading volume of 252,320 shares, compared to its average volume of 50,385. The business’s 50-day moving average is $1.35 and its 200-day moving average is $1.19. The company has a market cap of $36.58 million, a price-to-earnings ratio of -2.09 and a beta of 0.77. Reading International has a one year low of $0.94 and a one year high of $1.68.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Reading International in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average 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.