Reading International (NASDAQ:RDI) Third Quarter 2022 ResultsKey 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).
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.
The company's share price is broadly unchanged from a week ago.
Risk AnalysisIt'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.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Reading International, Inc., together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand.
Reasonable growth potential and fair value.