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

Reuters
2024-11-05

* Tanger Inc is expected to show a rise in quarterly revenue when it reports results on November 6 for the period ending January 1 0001

* The Greensboro North Carolina-based company is expected to report a 7.3% increase in revenue to $125.865 million from $117.35 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data. (SAL Represents Total 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 "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 5 "hold" and no "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 $32.50​, below​ its last closing price of $33.19. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 0.52 0.52 0.53 Beat 2.6

Mar. 31 2024 0.51 0.51 0.52 Beat 1.4

Jan. 1 0001 0.50 0.50 0.52 Beat 4.9​

Sep. 30 2023 0.48 0.48 0.50 Beat 4.6

​​Jun. 0.45 0.45 0.47 Beat 5.1

30 2023

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. 30 2022 0.44 0.44 0.47 Beat 7.9

This summary was machine generated November 4 at 21:46 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)

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