Tanger Factory Outlet Centers Inc expected to post earnings of 19  cents a share - Earnings Preview

Tanger

04/11/2023 03:03

* Tanger Factory Outlet Centers Inc  SKT.N   SKT  is
expected
to show a fall in quarterly revenue when it reports  results on
November 6. 
    * The Greensboro North Carolina-based  company is expected
to
report  a 0.3% decrease in revenue to $111.086 million from
$111.45 million a year ago, according to the mean estimate from
4 analysts, based on LSEG data. 
    * ​Refinitiv's mean analyst estimate for Tanger Factory
Outlet
Centers Inc is for earnings of 19 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and 2 "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 $24​, above​ its last closing price
of $23.92. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.45        0.45       0.47      Beat    5.1
 Mar. 31 2023  0.44        0.44       0.46      Beat    4.8
 Dec. 31 2022  0.45        0.45       0.47      Beat    5.3​
 Sep. 30 2022  0.44        0.44       0.47      Beat    7.9
 ​​Jun.        0.42        0.42       0.45      Beat    6.7
 30 2022                                                
 Mar. 31 2022  0.40        0.40       0.45      Beat    12.3​
 Dec. 31 2021  0.42        0.42       0.45      Beat    7.8
 Sep. 30 2021  0.06        0.06       0.16      Beat    187.2
 This summary was machine generated November 4 at 03:03 GMT.  All
figures in US dollars  unless otherwise stated