For the quarter ended June 2023, Jones Lang LaSalle (JLL - Free Report) reported revenue of $5.05 billion, down 4.3% over the same period last year. EPS came in at $0.50, compared to $4.48 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $5.03 billion, representing a surprise of +0.45%. The company delivered an EPS surprise of -77.27%, with the consensus EPS estimate being $2.20.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Jones Lang LaSalle performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- LaSalle- Fee revenue: $136.40 million compared to the $109.99 million average estimate based on three analysts. The reported number represents a change of +27.1% year over year.
- Capital Markets- Fee revenue: $435.50 million versus $393.50 million estimated by three analysts on average.
- JLL Technologies- Fee revenue: $56.50 million versus the three-analyst average estimate of $55.93 million.
- Work Dynamics- Fee revenue: $477.80 million compared to the $476.36 million average estimate based on three analysts.
- Markets Advisory- Fee revenue: $741.10 million versus $728.64 million estimated by three analysts on average.
- Markets Advisory- Fee revenue- Property Management: $131 million compared to the $129.33 million average estimate based on two analysts.
- Markets Advisory- Fee revenue- Advisory, Consulting and Other: $22.10 million compared to the $24.43 million average estimate based on two analysts.
- Capital Markets- Fee revenue- Investment Sales, Debt/Equity Advisory and Other: $309.90 million versus $203.82 million estimated by two analysts on average.
- Capital Markets- Fee revenue- Valuation Advisory: $86.60 million versus the two-analyst average estimate of $85.21 million.
- Capital Markets- Fee revenue- Loan Servicing: $39 million versus the two-analyst average estimate of $40.19 million.
- LaSalle- Fee Revenue- Advisory fees: $94.40 million versus $97.55 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.9% change.
- Work Dynamics- Fee revenue- Workplace Management: $188.20 million versus the two-analyst average estimate of $191.23 million.
View all Key Company Metrics for Jones Lang LaSalle here>>>Shares of Jones Lang LaSalle have returned +6% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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For the quarter ended June 2023, Jones Lang LaSalle (JLL - Free Report) reported revenue of $5.05 billion, down 4.3% over the same period last year. EPS came in at $0.50, compared to $4.48 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $5.03 billion, representing a surprise of +0.45%. The company delivered an EPS surprise of -77.27%, with the consensus EPS estimate being $2.20.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Jones Lang LaSalle performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- LaSalle- Fee revenue: $136.40 million compared to the $109.99 million average estimate based on three analysts. The reported number represents a change of +27.1% year over year.
- Capital Markets- Fee revenue: $435.50 million versus $393.50 million estimated by three analysts on average.
- JLL Technologies- Fee revenue: $56.50 million versus the three-analyst average estimate of $55.93 million.
- Work Dynamics- Fee revenue: $477.80 million compared to the $476.36 million average estimate based on three analysts.
- Markets Advisory- Fee revenue: $741.10 million versus $728.64 million estimated by three analysts on average.
- Markets Advisory- Fee revenue- Property Management: $131 million compared to the $129.33 million average estimate based on two analysts.
- Markets Advisory- Fee revenue- Advisory, Consulting and Other: $22.10 million compared to the $24.43 million average estimate based on two analysts.
- Capital Markets- Fee revenue- Investment Sales, Debt/Equity Advisory and Other: $309.90 million versus $203.82 million estimated by two analysts on average.
- Capital Markets- Fee revenue- Valuation Advisory: $86.60 million versus the two-analyst average estimate of $85.21 million.
- Capital Markets- Fee revenue- Loan Servicing: $39 million versus the two-analyst average estimate of $40.19 million.
- LaSalle- Fee Revenue- Advisory fees: $94.40 million versus $97.55 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.9% change.
- Work Dynamics- Fee revenue- Workplace Management: $188.20 million versus the two-analyst average estimate of $191.23 million.
View all Key Company Metrics for Jones Lang LaSalle here>>>Shares of Jones Lang LaSalle have returned +6% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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