Reading International Inc reports results for the quarter ended in June - Earnings Summary

Reading International

14/08/2024 14:41

* Reading International Inc  RDI.OQ  reported a quarterly
adjusted
loss of 42 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of -12 cents.  The lone analyst forecast for the quarter was
for a loss of 18 cents per share. 
    * Revenue fell 28% to $46.81 million from a year ago;
analysts
expected $57.31 million. 
    * Reading International Inc shares had risen by 3.5% this
quarter and lost 23.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the leisure &
recreation peer group is also "hold"

Wall Street's median 12-month price target for Reading
International Inc is $2.40 
This summary was machine generated from LSEG data August 14 at
01:41 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.18          -0.42          Missed
 Mar. 31 2024      -0.52          -0.59          Missed
 Dec. 31 2023      -0.39          -0.56          Missed
 Sep. 30 2023      -0.01          -0.20          Missed