Reading International (RDIB) Expected to Announce Earnings on Wednesday

Reading International (NASDAQ:RDIB) will likely be issuing its results before the market opens on Wednesday, August 19th. Analysts expect the company to announce earnings of $0.0630 per share and revenue of $63.4710 million for the quarter.

Reading International Stock Down 1.9%

Shares of RDIB stock opened at $8.83 on Wednesday. The business’s fifty day moving average price is $8.69 and its 200 day moving average price is $9.92. Reading International has a 1-year low of $8.00 and a 1-year high of $17.40.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Reading International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

About Reading International

Reading International, Inc is an entertainment and real estate company, which engages in the development, ownership, and operation of multiplex cinemas and retail and commercial real estate in the United States, Australia, and New Zealand. It operates through the Cinema Exhibition and Real Estate segments. The Cinema Exhibition segment includes Reading Cinemas, Angelika Film Center, Consolidated Theatres, City Cinemas, 44 Union Square, and Liberty Theatres brands. The Real Estate segment comprises real estate development and the rental or licensing of retail, commercial and live theater assets.