Tanger Factory Outlet Centers Earnings Preview

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Investors hope Tanger Factory Outlet Centers (NYS: SKT) will top analyst estimates once again after beating predictions by $0.02 in the previous quarter. The company will unveil its latest earnings on Tuesday, Feb. 14. Tanger Factory Outlet Centers is a fully-integrated, self-administered and self-managed real estate investment trust that focuses exclusively on developing, acquiring, owning, operating, and managing factory outlet shopping centers.

What analysts say:

  • Buy, sell, or hold?: Analysts think investors should stand pat on Tanger Factory Outlet Centers, with six out of nine analysts rating it a hold. Analysts like Tanger Factory Outlet Centers better than competitor Equity One overall. One out of 14 analysts rates Equity One a buy compared to two out of nine for Tanger Factory Outlet Centers. While analysts still rate the stock a hold, they are a little more optimistic about it compared to three months ago.
  • Revenue forecasts: On average, analysts predict $87.9 million in revenue this quarter. That would represent a rise of 16.5% from the year-ago quarter.
  • Wall Street earnings expectations: The average analyst estimate is earnings of $0.41 per share. Estimates range from $0.40 to $0.42.

What our community says:
Most CAPS All-Stars are skeptical of Tanger Factory Outlet Centers' prospects, with 57.9% granting it an underperform rating. The community is split on the stock, with 49.1% Fools giving it an outperform rating and 50.9% an underperform rating. Fools are skeptical of Tanger Factory Outlet Centers, though the message boards have been quiet lately, with only 50 posts in the past 30 days. Tanger Factory Outlet Centers' bearish CAPS rating of one out of five stars falls short of the Fool community sentiment.

Management:
Tanger Factory Outlet Centers' profit has risen year over year by an average of 85.9% over the past five quarters. Revenue has now gone up for three straight quarters.

Now let's look at how efficient management is at running the business. Traditionally, margins represent the efficiency with which companies capture portions of sales dollars. The following table shows net margins over the past four quarters.

Quarter

Q3

Q2

Q1

Q4

Net Margin

15%

13.1%

13.3%

18%

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Earnings estimates provided by Zacks.

At the time this article was published

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