Tanger Outlets Anticipates 5.1% EPS Growth and 6% Sales Increase
Tanger’s EPS is expected to grow 5.1% this year, outpacing the industry 3.4% average, while sales are projected to rise 6% versus 2.6%. The outlet mall operator's asset-utilization ratio of 0.23 tops the 0.14 industry norm, and its current-year earnings estimate has climbed 0.7% in the past month.
1. EPS Growth Projections
Tanger’s EPS is forecast to rise 5.1% this year, well above the 3.4% industry average, building on its 6.9% historical EPS growth rate and signaling strong profit momentum.
2. Strong Asset Utilization and Sales Growth
The company generates $0.23 in sales per dollar of assets versus a 0.14 industry average, and sales are expected to climb 6% compared to the industry’s 2.6%, underlining operational efficiency.
3. Upward Earnings Revisions and Rankings
Analysts have lifted current-year earnings estimates by 0.7% over the past month, earning Tanger a Zacks Rank #2 and a Growth Score of B, reflecting growing confidence in its near-term outlook.