Tanger Inc reports results for the quarter ended in January - Earnings Summary

Tanger

01/08/2024 23:02

* Tanger Inc  SKT.N  reported quarterly adjusted earnings of
23
cents​​ per share for the quarter ended in January, identical to
the same quarter last year.  The mean expectation of
four analysts for the quarter was for earnings of 19 cents per
share. Wall Street expected results to range from 17 cents to 20
cents per share.
    * Revenue rose 16.6% to $128.96 million from a year ago;
analysts
expected $122.22 million. 
    * Tanger Inc's reported EPS for the quarter was 23 cents​.
    * The company reported quarterly net income of $24.61
million.
    * Tanger Inc shares had risen by 6.6% this quarter and
gained 4.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
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 3 "strong buy" or "buy," 5
"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
$30.00 
This summary was machine generated from LSEG data August 1 at
10:01 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
 Jun. 30 2024      0.52           0.53           Beat
 Mar. 31 2024      0.51                          
 Dec. 31 2023      0.48                          
 Sep. 30 2023      0.48           0.50           Beat