Tanger Factory Outlet Centers, Inc. (NYSE:SKT) a real estate investment trust, is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.05 per share.
For the full year, analysts predict revenues of $ 348.12 million, while looking forward to loss of $ 0.6 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.96 ~ $ 2.04 per share
Click Here For More Historical Outlooks Of Tanger Factory Outlet Centers, Inc.
Previous Quarter Performance
Tanger Factory Outlet Centers, Inc. came out with income for the second quarter of $ 0.10 per share, from the revenue of $ 63.99 million. According to street consensus, revenue of $ 92.14 million was expected for the second quarter The top line results fell short of analysts by $ 28.15 million or 30.55 percent.
Stock Performance
Shares of Tanger Factory Outlet Centers, Inc. traded low $ -0.34 or -5.09 percent on Wednesday, reaching $ 6.34 with volume of 1.67 million shares. Tanger Factory Outlet Centers, Inc. has traded high as $ 6.74 and has cracked $ 6.33 on the downward trend
The closing price of $ 6.34, representing a 64.94 % increase from the 52 week low of $ 4.05 and a 60.54 % decrease over the 52 week high of $ 16.93.
The company has a market capital of $ 592.61 million and is part of the Real Estate sector and REIT – Retail industry.
Recent Analyst recommendations
- On 21st September 2020, upgraded by KeyBanc to Sector Weight from Underweight rating.
Tanger Factory Outlet Centers, Inc. (NYSE:SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that operates and owns, or has an ownership interest in, a portfolio of 40 upscale outlet shopping centers. Tangers operating properties are located in 20 states coast to coast and in Canada, totaling approximately 14.4 million square feet leased to over 2,900 stores operated by more than 500 different brand name companies.