Tanger Inc reports results for the quarter ended June 30 - Earnings Summary

Tanger

04/08/2025 22:02

Tanger Inc SKT.N reported quarterly adjusted earnings of 26 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 23 cents.  The mean expectation of four analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 20 cents to 26 cents per share.

Revenue rose 9.1% to $140.69 million from a year ago; analysts expected $131.84 million.

Tanger Inc's reported EPS for the quarter was 26 cents​.

The company reported quarterly net income of $29.86 million.

Tanger Inc shares had fallen by 3.5% this quarter and lost 13.5% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 0.4% 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 7 "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 $34.00, about 10.4% above its last closing price of $30.47

This summary was machine generated from LSEG data August 4 at 09:02 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
Jun. 30 2025
0.56
0.58
Beat
Mar. 31 2025
0.53
0.53
Met
Dec. 31 2024
0.52
0.54
Beat
Sep. 30 2024
0.53
0.54
Beat