Reading (RDI) Stock Forecast, Price Target & Predictions

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RDI Stock Forecast

Reading stock forecast is as follows: an average price target of $2.40 (represents a 84.62% upside from RDI’s last price of $1.30) and a rating consensus of 'Hold', based on 1 wall street analysts offering a 1-year stock forecast.

RDI Price Target

The average price target for Reading (RDI) is $2.40 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $2.40 to $2.40. This represents a potential 84.62% upside from RDI's last price of $1.30.

RDI Analyst Ratings

Hold

According to 1 Wall Street analysts, Reading's rating consensus is 'Hold'. The analyst rating breakdown for RDI stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 1 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Reading Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Jul 09, 2024	Chad Beynon	Macquarie	$2.40	$1.35	77.78%	84.62%

The latest Reading stock forecast, released on Jul 09, 2024 by Chad Beynon from Macquarie, set a price target of $2.40, which represents a 77.78% increase from the stock price at the time of the forecast ($1.35), and a 84.62% increase from RDI last price ($1.30).

Reading Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	1
Avg Price Target	-	-	$2.40
Last Closing Price	$1.30	$1.30	$1.30
Upside/Downside	-100.00%	-100.00%	84.62%

In the current month, the average price target of Reading stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Reading's last price of $1.30. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Jul 09, 2024	Macquarie	Neutral	Neutral	Hold

Reading's last stock rating was published by Macquarie on Jul 09, 2024. The company gave RDI a "Neutral" rating, the same as its previous rate.

Reading Financial Forecast

Reading Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	$66.56M	$65.06M	$45.81M	$47.21M	$51.20M	$64.51M	$40.20M	$49.92M	$31.80M	$36.03M	$21.31M	$15.02M	$10.19M	$3.42M	$49.23M	$68.67M	$70.46M
Avg Forecast	$64.14M	$64.67M	$66.46M	$58.70M	$60.48M	$60.97M	$62.67M	$53.79M	$56.02M	$65.65M	$57.31M	$43.99M	$51.87M	$66.75M	$68.53M	$53.45M	$50.79M	$53.00M	$61.74M	$40.27M	$39.16M	$42.49M	$43.38M	$15.22M	$7.92M	$5.15M	$8.37M	$45.57M	$71.29M	$74.45M
High Forecast	$64.14M	$64.67M	$66.46M	$58.70M	$60.48M	$60.97M	$62.67M	$53.79M	$56.02M	$65.65M	$57.31M	$43.99M	$55.36M	$66.75M	$68.53M	$53.45M	$50.79M	$53.00M	$61.74M	$40.27M	$39.16M	$42.49M	$43.38M	$15.22M	$7.92M	$5.15M	$8.37M	$45.57M	$71.29M	$74.45M
Low Forecast	$64.14M	$64.67M	$66.46M	$58.70M	$60.48M	$60.97M	$62.67M	$53.79M	$56.02M	$65.65M	$57.31M	$43.99M	$48.37M	$66.75M	$68.53M	$53.45M	$50.79M	$53.00M	$61.74M	$40.27M	$39.16M	$42.49M	$43.38M	$15.22M	$7.92M	$5.15M	$8.37M	$45.57M	$71.29M	$74.45M
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	5	5	9	6	4	4
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00%	0.95%	0.86%	0.93%	0.97%	1.04%	1.00%	1.27%	0.75%	0.83%	1.40%	1.90%	1.98%	0.41%	1.08%	0.96%	0.95%

Reading's average Quarter revenue forecast for Dec 23 based on 1 analysts is $51.87M, with a low forecast of $48.37M, and a high forecast of $55.36M. RDI's average Quarter revenue forecast represents a -22.08% decrease compared to the company's last Quarter revenue of $66.56M (Sep 23).

Reading EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	5	5	9	6	4	4
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	$-14.95M	$-12.24M	$-2.65M	$-4.44M	$4.25M	$9.61M	$-6.71M	$3.30M	$-2.00M	$37.32M	$37.04M	$-7.64M	$-11.39M	$-16.81M	$-1.61M	$7.75M	$9.39M
Avg Forecast	$8.47M	$8.53M	$8.77M	$7.75M	$7.98M	$8.05M	$8.27M	$7.10M	$7.39M	$8.66M	$7.56M	$-5.00	$6.85M	$8.81M	$9.04M	$-6.00	$-124.98M	$-3.69M	$-4.30M	$-7.00	$-2.73M	$-2.96M	$-3.02M	$-1.06M	$-550.77K	$-358.29K	$-15.18M	$-3.17M	$-4.96M	$-5.18M
High Forecast	$8.47M	$8.53M	$8.77M	$7.75M	$7.98M	$8.05M	$8.27M	$7.10M	$7.39M	$8.66M	$7.56M	$-4.00	$7.31M	$8.81M	$9.04M	$-5.00	$-99.98M	$-3.69M	$-4.30M	$-6.00	$-2.73M	$-2.96M	$-3.02M	$-1.06M	$-550.77K	$-358.29K	$-12.14M	$-3.17M	$-4.96M	$-5.18M
Low Forecast	$8.47M	$8.53M	$8.77M	$7.75M	$7.98M	$8.05M	$8.27M	$7.10M	$7.39M	$8.66M	$7.56M	$-7.00	$6.38M	$8.81M	$9.04M	$-8.00	$-149.97M	$-3.69M	$-4.30M	$-9.00	$-2.73M	$-2.96M	$-3.02M	$-1.06M	$-550.77K	$-358.29K	$-18.21M	$-3.17M	$-4.96M	$-5.18M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.70%	-1.35%	441333.33%	0.04%	-1.15%	-2.24%	958000.00%	-1.21%	0.68%	-12.37%	-34.97%	13.87%	31.78%	1.11%	0.51%	-1.56%	-1.81%

1 analysts predict RDI's average Quarter EBITDA for Dec 22 to be $-124.98M, with a high of $-99.98M and a low of $-149.97M. This is -3038.53% lower than Reading's previous annual EBITDA (Sep 22) of $4.25M.

Reading Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	5	5	9	6	4	4
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$-4.40M	$-2.78M	$-11.32M	$-13.46M	$-5.30M	$-2.44M	$-15.45M	$353.00K	$-10.20M	$22.70M	$18.96M	$-17.66M	$-19.35M	$-22.89M	$-5.96M	$-27.61M	$902.00K
Avg Forecast	$-903.56K	$-3.23M	$-58.21K	$-4.51M	$-3.33M	$-5.65M	$-2.45M	$-6.75M	$-7.41M	$-3.33M	$-4.24M	$-4.00	$-9.11M	$-168.94K	$-623.93K	$-5.00	$16.59M	$-6.49M	$-1.25M	$-6.00	$-13.38M	$-8.02M	$-6.75M	$20.62M	$-18.25M	$-17.69M	$-20.49M	$-5.31M	$1.32M	$2.66M
High Forecast	$-903.56K	$-3.23M	$-58.21K	$-4.51M	$-3.33M	$-5.65M	$-2.45M	$-6.75M	$-7.41M	$-3.33M	$-4.24M	$-3.00	$-9.11M	$-168.94K	$-623.93K	$-4.00	$19.91M	$-6.49M	$-1.25M	$-5.00	$-13.38M	$-8.02M	$-6.75M	$24.75M	$-18.25M	$-17.69M	$-16.39M	$-5.31M	$1.32M	$2.66M
Low Forecast	$-903.56K	$-3.23M	$-58.21K	$-4.51M	$-3.33M	$-5.65M	$-2.45M	$-6.75M	$-7.41M	$-3.33M	$-4.24M	$-6.00	$-9.11M	$-168.94K	$-623.93K	$-7.00	$13.28M	$-6.49M	$-1.25M	$-8.00	$-13.38M	$-8.02M	$-6.75M	$16.50M	$-18.25M	$-17.69M	$-24.59M	$-5.31M	$1.32M	$2.66M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	26.05%	4.45%	2264800.00%	-0.81%	0.82%	1.95%	2575500.00%	-0.03%	1.27%	-3.36%	0.92%	0.97%	1.09%	1.12%	1.12%	-20.85%	0.34%

Reading's average Quarter net income forecast for Mar 22 is $-6.00, with a range of $-8.00 to $-5.00. RDI's average Quarter net income forecast represents a -100.00% decrease compared to the company's last Quarter net income of $353.00K (Dec 21).

Reading SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	5	5	9	6	4	4
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	$5.41M	$5.11M	$5.18M	$4.05M	$5.26M	$6.31M	$5.80M	$5.89M	$5.27M	$8.83M	$5.10M	$1.72M	$4.23M	$5.10M	$5.95M	$6.97M	$5.91M
Avg Forecast	$8.81M	$8.88M	$9.13M	$8.06M	$8.30M	$8.37M	$8.61M	$7.39M	$7.69M	$9.01M	$7.87M	$6.04M	$7.12M	$9.17M	$9.41M	$3.67M	$-17.63M	$7.28M	$8.48M	$2.00	$5.38M	$5.83M	$5.96M	$5.54M	$1.09M	$707.02K	$4.61M	$6.26M	$9.79M	$10.22M
High Forecast	$8.81M	$8.88M	$9.13M	$8.06M	$8.30M	$8.37M	$8.61M	$7.39M	$7.69M	$9.01M	$7.87M	$6.04M	$7.60M	$9.17M	$9.41M	$7.34M	$-14.11M	$7.28M	$8.48M	$3.00	$5.38M	$5.83M	$5.96M	$6.65M	$1.09M	$707.02K	$5.53M	$6.26M	$9.79M	$10.22M
Low Forecast	$8.81M	$8.88M	$9.13M	$8.06M	$8.30M	$8.37M	$8.61M	$7.39M	$7.69M	$9.01M	$7.87M	$6.04M	$6.64M	$9.17M	$9.41M	$2.00	$-21.16M	$7.28M	$8.48M	$2.00	$5.38M	$5.83M	$5.96M	$4.43M	$1.09M	$707.02K	$3.68M	$6.26M	$9.79M	$10.22M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.59%	0.54%	1.41%	-0.23%	0.72%	0.74%	2898000.00%	1.10%	0.90%	1.48%	0.92%	1.59%	5.98%	1.11%	0.95%	0.71%	0.58%

Reading's average Quarter SG&A projection for Dec 23 is $7.12M, based on 1 Wall Street analysts, with a range of $6.64M to $7.60M. The forecast indicates a 31.77% rise compared to RDI last annual SG&A of $5.41M (Sep 23).

Reading EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	5	5	9	6	4	4
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	$-0.20	$-0.12	$-0.51	$-0.61	$-0.24	$-0.11	$-0.70	$0.02	$-0.47	$1.04	$0.87	$-0.81	$-0.89	$-1.05	$-0.27	$-1.25	$0.04
Avg Forecast	$-0.04	$-0.14	$-0.00	$-0.19	$-0.14	$-0.24	$-0.11	$-0.29	$-0.32	$-0.14	$-0.18	$-0.52	$-0.39	$-0.01	$-0.03	$-0.29	$-0.34	$-0.29	$-0.06	$-0.44	$-0.60	$-0.36	$-0.30	$-0.80	$-0.81	$-0.79	$-0.55	$-0.24	$0.06	$0.12
High Forecast	$-0.04	$-0.14	$-0.00	$-0.19	$-0.14	$-0.24	$-0.11	$-0.29	$-0.32	$-0.14	$-0.18	$-0.52	$-0.39	$-0.01	$-0.03	$-0.29	$-0.34	$-0.29	$-0.06	$-0.44	$-0.60	$-0.36	$-0.30	$-0.80	$-0.81	$-0.79	$-0.55	$-0.24	$0.06	$0.12
Low Forecast	$-0.04	$-0.14	$-0.00	$-0.19	$-0.14	$-0.24	$-0.11	$-0.29	$-0.32	$-0.14	$-0.18	$-0.52	$-0.39	$-0.01	$-0.03	$-0.29	$-0.34	$-0.29	$-0.06	$-0.44	$-0.60	$-0.36	$-0.30	$-0.80	$-0.81	$-0.79	$-0.55	$-0.24	$0.06	$0.12
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	27.47%	4.46%	1.78%	1.77%	0.83%	1.97%	1.58%	-0.03%	1.31%	-3.45%	-1.08%	0.99%	1.13%	1.90%	1.14%	-21.15%	0.34%

According to 1 Wall Street analysts, Reading's projected average Quarter EPS for Mar 22 is $-0.44, with a low estimate of $-0.44 and a high estimate of $-0.44. This represents a -2841.36% decrease compared to RDI previous annual EPS of $0.02 (Dec 21).

Reading Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
RDI	Reading	$1.47	$2.40	63.27%	Hold
LVO	LiveOne	$1.02	$1.50	47.06%	Buy
RSVR	Reservoir Media	$9.28	$11.50	23.92%	Buy
MCS	Marcus	$21.73	$26.00	19.65%	Buy

RDI Forecast FAQ

Is Reading a good buy?

No, according to 1 Wall Street analysts, Reading (RDI) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of RDI's total ratings.

What is RDI's price target?

Reading (RDI) average price target is $2.4 with a range of $2.4 to $2.4, implying a 84.62% from its last price of $1.3. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Reading stock go up soon?

According to Wall Street analysts' prediction for RDI stock, the company can go up by 84.62% (from the last price of $1.3 to the average price target of $2.4), up by 84.62% based on the highest stock price target, and up by 84.62% based on the lowest stock price target.

Can Reading stock reach $2?

RDI's average twelve months analyst stock price target of $2.4 supports the claim that Reading can reach $2 in the near future.

What are Reading's analysts' financial forecasts?

Reading's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $237.91M (high $237.91M, low $237.91M), average EBITDA is $31.4M (high $31.4M, low $31.4M), average net income is $-18.177M (high $-18.177M, low $-18.177M), average SG&A $32.67M (high $32.67M, low $32.67M), and average EPS is $-0.783 (high $-0.783, low $-0.783). RDI's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $253.96M (high $253.96M, low $253.96M), average EBITDA is $33.52M (high $33.52M, low $33.52M), average net income is $-8.707M (high $-8.707M, low $-8.707M), average SG&A $34.87M (high $34.87M, low $34.87M), and average EPS is $-0.375 (high $-0.375, low $-0.375).

Did the RDI's actual financial results beat the analysts' financial forecasts?

Based on Reading's last annual report (Dec 2022), the company's revenue was $203.12M, which missed the average analysts forecast of $205.79M by -1.30%. Apple's EBITDA was $2.72M, missing the average prediction of $-133M by -102.04%. The company's net income was $-36.66M, missing the average estimation of $8.85M by -514.33%. Apple's SG&A was $21.42M, missing the average forecast of $-1.877M by -1241.12%. Lastly, the company's EPS was $-1.66, beating the average prediction of $-1.135 by 46.31%. In terms of the last quarterly report (Sep 2023), Reading's revenue was $66.56M, missing the average analysts' forecast of $66.75M by -0.28%. The company's EBITDA was $-14.948M, missing the average prediction of $8.81M by -269.67%. Reading's net income was $-4.4M, beating the average estimation of $-169K by 2504.55%. The company's SG&A was $5.4M, missing the average forecast of $9.17M by -41.03%. Lastly, the company's EPS was $-0.2, beating the average prediction of $-0.00728 by 2646.88%