Tanger Factory Outlet Centers Inc expected to post earnings of 15  cents a share - Earnings Preview

Tanger

16/02/2022 24:21

* Tanger Factory Outlet Centers Inc  SKT.N   SKT  is
expected
to show a fall in quarterly revenue when it reports  results on
February 17. 
    * The Greensboro North Carolina-based  company is expected
to
report  a 4.0% decrease in revenue to $106.682 million from
$111.16 million a year ago, according to the mean estimate from
3 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Tanger Factory
Outlet
Centers Inc is for earnings of 15 cents per share. For the same
quarter last year, the company reported breakeven results per
share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and 5 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Tanger
Factory
Outlet Centers Inc is $20​, about 16% above​ its last closing
price of $16.80. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2021  0.06        0.06       0.16      Beat    187.2
 Jun. 30 2021  0.27        0.28       0.30      Beat    9.1
 Mar. 31 2021  0.36        0.36       0.38      Beat    5.2​
 Dec. 31 2020  0.40        0.38       0.54      Beat    41.4
 ​​Sep.        0.28        0.28       0.44      Beat    56
 30 2020                                                
 Jun. 30 2020  0.34        0.33       0.10      Missed  -70​
 Mar. 31 2020  0.51        0.51       0.50      Missed  -2.7
 Dec. 31 2019  0.56        0.57       0.59      Beat    4
 This summary was machine generated February 16 at 00:21 GMT. 
All figures in US dollars  unless otherwise stated