Tanger Inc expected to post earnings of 21 cents a share - Earnings Preview

Tanger

13/02/2024 21:58

* Tanger Inc  SKT.N   SKT  is expected to show a rise in
quarterly
revenue when it reports  results on February 15 for the period
ending December 31 2023
    * The Greensboro North Carolina-based  company is expected
to
report a 2.2% increase in revenue to $119.042 million from
$116.46 million a year ago, according to the mean estimate from
4 analysts, based on LSEG data. (SAL RepresentsTotal Property
Revenue/ Rental revenues)
    * ​LSEG's mean analyst estimate for Tanger Inc is for
earnings of
21 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 Inc
is
$27.00​, below​ its last closing price of $27.17. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.45        0.45       0.47      Beat    5.3
 ​​Sep.        0.44        0.44       0.47      Beat    7.9
 30 2022                                                
 Jun. 30 2022  0.42        0.42       0.45      Beat    6.7​
 Mar. 31 2022  0.40        0.40       0.45      Beat    12.3
 Dec. 31 2021  0.42        0.42       0.45      Beat    7.8
 This summary was machine generated February 13 at 21:58 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)