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

Tanger

26/04/2024 21:22

* Tanger Inc  SKT.N   SKT  is expected to show a rise in
quarterly
revenue when it reports  results on April 30 for the period
ending March 31 2024
    * The Greensboro North Carolina-based  company is expected
to
report a 12.7% increase in revenue to $122.804 million from
$108.94 million a year ago, according to the mean estimate from
3 analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Tanger 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 2 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Tanger Inc
is
$30.50​, above​ its last closing price of $28.67. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.50        0.50       0.52      Beat    4.9
 Sep. 30 2023  0.48        0.48       0.50      Beat    4.6
 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.        0.45        0.45       0.47      Beat    5.3
 31 2022                                                
 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. 31 2022  0.40        0.40       0.45      Beat    12.3
 This summary was machine generated April 26 at 20:22 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)