Stock Analysis

Reading International Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag

  •  Updated
NasdaqCM:RDI
Source: Shutterstock

Reading International (NASDAQ:RDI) Third Quarter 2022 Results

Key Financial Results
  • Revenue: US$51.2m (up 61% from 3Q 2021).
  • Net loss: US$5.18m (loss narrowed by 49% from 3Q 2021).
  • US$0.23 loss per share (improved from US$0.46 loss in 3Q 2021).
earnings-and-revenue-growth
NasdaqCM:RDI Earnings and Revenue Growth November 11th 2022

All figures shown in the chart above are for the trailing 12 month (TTM) period

Reading International EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Reading International, and understanding this should be part of your investment process.

Valuation is complex, but we're helping make it simple.

Find out whether Reading International is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis