What's In The Offing For Tanger (SKT) This Earnings Season?
Zacks Investment Research | Jul 26, 2019 12:01AM ET
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) is slated to report second-quarter 2019 results on Jul 31, after the market closes. The company’s performance is likely to reflect a year-over-year decline in revenues and funds from operations (FFO) per share.
In the last reported quarter, this Greensboro, NC-based retail real estate investment trust (REIT) delivered an in-line performance in terms of FFO per share, while the top-line growth was lower than anticipated.
Over the trailing four quarters, Tanger Outlet beat estimates on three occasions, the average positive beat being 2.48%. The graph below depicts this surprise history:
Tanger Factory Outlet Centers, Inc. Price and EPS Surprise
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