Tanger Factory Outlet Centers Inc reports results for the quarter ended in June - Earnings Summary

Tanger

04/08/2023 06:01

* Tanger Factory Outlet Centers Inc  SKT.N  reported
quarterly
adjusted earnings of 23 cents​​ per share for the quarter ended
in June. The mean expectation of four analysts for the quarter
was for earnings of 16 cents per share.
    * Revenue rose 4.5% to $110.64 million from a year ago;
analysts
expected $105.55 million. 
    * Tanger Factory Outlet Centers Inc's reported EPS for the
quarter
was 23 cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Tanger Factory Outlet Centers Inc shares had risen by 5.9%
this
quarter and gained 30.3% so far this year.
    * The company reported quarterly net income of $23.95
million.
    * Wall Street's median 12-month price target for Tanger
Factory
Outlet Centers Inc is $20.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 05:01 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.45           0.47           Beat
 Mar. 31 2023      0.44           0.46           Beat
 Dec. 31 2022      0.45           0.47           Beat
 Sep. 30 2022      0.44           0.47           Beat