Jones Lang LaSalle (JLL - Free Report) reported $5.88 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 4.9%. EPS of $4.23 for the same period compares to $4.36 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $5.68 billion, representing a surprise of +3.58%. The company delivered an EPS surprise of +14.32%, with the consensus EPS estimate being $3.70.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: $108.40 million versus the three-analyst average estimate of $111.47 million. The reported number represents a year-over-year change of -2.7%.
- Capital Markets- Fee revenue: $532.20 million compared to the $465.80 million average estimate based on three analysts. The reported number represents a change of -11.1% year over year.
- JLL Technologies- Fee revenue: $62 million versus $58.57 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +14.4% change.
- Work Dynamics- Fee revenue: $582.20 million versus the three-analyst average estimate of $555.29 million. The reported number represents a year-over-year change of +9%.
- Markets Advisory- Fee revenue: $895.60 million versus the three-analyst average estimate of $876.83 million. The reported number represents a year-over-year change of -2.2%.
- Markets Advisory- Fee revenue- Property Management: $155.20 million versus the two-analyst average estimate of $148.58 million. The reported number represents a year-over-year change of +13.7%.
- Markets Advisory- Fee revenue- Advisory, Consulting and Other: $31.10 million versus $34.06 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -20.1% change.
- Capital Markets- Fee revenue- Investment Sales, Debt/Equity Advisory and Other: $391 million compared to the $316.29 million average estimate based on two analysts. The reported number represents a change of -14.7% year over year.
- Capital Markets- Fee revenue- Valuation Advisory: $103.10 million versus $101.26 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.6% change.
- Capital Markets- Fee revenue- Loan Servicing: $38.10 million versus $37.13 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.7% change.
- LaSalle- Fee Revenue- Advisory fees: $92.80 million versus $94.27 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.3% change.
- Work Dynamics- Fee revenue- Workplace Management: $239.90 million compared to the $214.22 million average estimate based on two analysts. The reported number represents a change of +18.6% year over year.
View all Key Company Metrics for Jones Lang LaSalle here>>>Shares of Jones Lang LaSalle have returned +3.9% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Jones Lang LaSalle (JLL - Free Report) reported $5.88 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 4.9%. EPS of $4.23 for the same period compares to $4.36 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $5.68 billion, representing a surprise of +3.58%. The company delivered an EPS surprise of +14.32%, with the consensus EPS estimate being $3.70.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: $108.40 million versus the three-analyst average estimate of $111.47 million. The reported number represents a year-over-year change of -2.7%.
- Capital Markets- Fee revenue: $532.20 million compared to the $465.80 million average estimate based on three analysts. The reported number represents a change of -11.1% year over year.
- JLL Technologies- Fee revenue: $62 million versus $58.57 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +14.4% change.
- Work Dynamics- Fee revenue: $582.20 million versus the three-analyst average estimate of $555.29 million. The reported number represents a year-over-year change of +9%.
- Markets Advisory- Fee revenue: $895.60 million versus the three-analyst average estimate of $876.83 million. The reported number represents a year-over-year change of -2.2%.
- Markets Advisory- Fee revenue- Property Management: $155.20 million versus the two-analyst average estimate of $148.58 million. The reported number represents a year-over-year change of +13.7%.
- Markets Advisory- Fee revenue- Advisory, Consulting and Other: $31.10 million versus $34.06 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -20.1% change.
- Capital Markets- Fee revenue- Investment Sales, Debt/Equity Advisory and Other: $391 million compared to the $316.29 million average estimate based on two analysts. The reported number represents a change of -14.7% year over year.
- Capital Markets- Fee revenue- Valuation Advisory: $103.10 million versus $101.26 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.6% change.
- Capital Markets- Fee revenue- Loan Servicing: $38.10 million versus $37.13 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.7% change.
- LaSalle- Fee Revenue- Advisory fees: $92.80 million versus $94.27 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.3% change.
- Work Dynamics- Fee revenue- Workplace Management: $239.90 million compared to the $214.22 million average estimate based on two analysts. The reported number represents a change of +18.6% year over year.
View all Key Company Metrics for Jones Lang LaSalle here>>>Shares of Jones Lang LaSalle have returned +3.9% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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