Tanger Factory Outlet Centers Inc expected to post earnings of 16  cents a share - Earnings Preview

Tanger

02/08/2023 03:04

* Tanger Factory Outlet Centers Inc  SKT.N   SKT  is
expected
to show a fall in quarterly revenue when it reports  results on
August 3. 
    * The Greensboro North Carolina-based  company is expected
to
report  a 0.3% decrease in revenue to $105.554 million from
$105.84 million a year ago, according to the mean estimate from
4 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Tanger Factory
Outlet
Centers Inc is for earnings of 16 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and 4 "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 $20.5​, below​ its last closing price
of $23.48. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.44        0.44       0.46      Beat    4.8
 Dec. 31 2023  0.45        0.45       0.47      Beat    5.3
 Sep. 30 2022  0.44        0.44       0.47      Beat    7.9​
 Jun. 30 2022  0.42        0.42       0.45      Beat    6.7
 ​​Mar.        0.40        0.40       0.45      Beat    12.3
 31 2022                                                
 Dec. 31 2021  0.42        0.42       0.45      Beat    7.8​
 Sep. 30 2021  0.06        0.06       0.16      Beat    187.2
 Jun. 30 2021  0.27        0.28       0.30      Beat    9.1
 This summary was machine generated August 2 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated