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

Tanger

30/07/2024 21:11

* Tanger Inc  SKT.N   SKT  is expected to show a rise in
quarterly
revenue when it reports  results on August 1 for the period
ending June 30 2024
    * The Greensboro North Carolina-based  company is expected
to
report a 10.5% increase in revenue to $122.216 million from
$110.64 million a year ago, according to the mean estimate from
4 analysts, based on LSEG data. (SAL Represents Total Property
Revenue/ Rental revenues)
    * ​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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and no "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 Inc
is
$30.00​, above​ its last closing price of $28.64. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.51        0.51       0.52      Beat    1.4
 Jan. 1 2024   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.        0.44        0.44       0.46      Beat    4.8
 31 2023                                                
 Dec. 31 2022  0.45        0.45       0.47      Beat    5.3​
 Jan. 1 0001   0.44        0.44       0.47      Beat    7.9
 Jun. 30 2022  0.42        0.42       0.45      Beat    6.7
 This summary was machine generated July 30 at 20:11 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)