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

• Tanger Inc. SKT.N reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 28 cents. The mean expectation of four analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 24 cents to 29 cents per share.

• Revenue rose 8.6% to $157.72 million from a year ago; analysts expected $148.53 million.

• Tanger Inc.'s reported EPS for the quarter was 29 cents​.

• The company reported quarterly net income of $33.39 million.

• Tanger Inc. shares had risen by 9.7% this quarter and gained 12.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is "buy."

• Wall Street's median 12-month price target for Tanger Inc. is $41.00, about 6.2% above its last closing price of $38.46

This summary was machine generated from LSEG data November 5 at 12:08 a.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)