Tanger Inc reports results for the quarter ended December 31 - Earnings Summary

Tanger

19/02/2025 22:02

* Tanger Inc  SKT.N  reported quarterly adjusted earnings of
23
cents​​ per share for the quarter ended December 31, higher than
the same quarter last year, when the company reported EPS of 22
cents.  The mean expectation of five analysts for the quarter
was for earnings of 20 cents per share. Wall Street expected
results to range from 17 cents to 21 cents per share.
    * Revenue rose 10.4% to $140.74 million from a year ago;
analysts
expected $129.29 million. 
    * Tanger Inc's reported EPS for the quarter was 23 cents​.
    * The company reported quarterly net income of $26.26
million.
    * Tanger Inc shares had risen by 1.7% this quarter.

FORECAST CHANGES
    * 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.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for Tanger Inc is
$37.00 
This summary was machine generated from LSEG data February 19 at
10:02 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.52           0.54           Beat
 Sep. 30 2024      0.53           0.54           Beat
 Jun. 30 2024      0.52           0.53           Beat
 Mar. 31 2024      0.51           0.52           Beat