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

Tanger

30/04/2024 23:38

* Tanger Inc  SKT.N  reported quarterly adjusted earnings of
20
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 22
cents.  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 21 cents per share.
    * Revenue rose 13.2% to $123.37 million from a year ago;
analysts
expected $122.80 million. 
    * Tanger Inc's reported EPS for the quarter was 20 cents​.
    * The company reported quarterly net income of $22.18
million.
    * Tanger Inc shares had fallen by 3.1% this quarter and
gained 3.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3% 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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "hold"

Wall Street's median 12-month price target for Tanger Inc is
$30.50 
This summary was machine generated from LSEG data April 30 at
10:38 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
 Mar. 31 2024      0.51           0.52           Beat
 Dec. 31 2023      0.50           0.52           Beat
 Sep. 30 2023      0.48           0.50           Beat
 Jun. 30 2023      0.45           0.47           Beat