Tanger Factory Outlet Centers
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Tanger Factory Outlet Centers beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share expanded significantly.
Margins dropped across the board.
Tanger Factory Outlet Centers recorded revenue of $83.2 million. The nine analysts polled by S&P Capital IQ predicted revenue of $69.4 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $75.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.15. The four earnings estimates compiled by S&P Capital IQ forecast $0.16 per share. GAAP EPS of $0.15 for Q3 were 25% higher than the prior-year quarter's $0.12 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 69.3%, 2,260 basis points worse than the prior-year quarter. Operating margin was 31.7%, 390 basis points worse than the prior-year quarter. Net margin was 15.0%, 310 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $89.3 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $311.5 million. The average EPS estimate is $0.57.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 54 members out of 110 rating the stock outperform, and 56 members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Tanger Factory Outlet Centers a green thumbs-up, and 22 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tanger Factory Outlet Centers is hold, with an average price target of $28.82.
Over the decades, small-cap stocks, like Tanger Factory Outlet Centers have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
- Add Tanger Factory Outlet Centers to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.