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Jones Lang LaSalle (JLL) Surges 7.2%: Is This an Indication of Further Gains?

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Jones Lang LaSalle (JLL - Free Report) shares ended the last trading session 7.2% higher at $167.02. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 17.5% loss over the past four weeks.

The increased optimism stems from the recovery in investors’ sentiments. Particularly, decent cross-border capital flows and ample capital allocations to commercial real estate augur well for JLL.

This financial and professional services company is expected to post quarterly earnings of $4.34 per share in its upcoming report, which represents a year-over-year change of +3.3%. Revenues are expected to be $4.9 billion, up 9% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Jones Lang LaSalle, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on JLL going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Jones Lang LaSalle is part of the Zacks Real Estate - Operations industry. Brookfield Asset Management (BAM - Free Report) , another stock in the same industry, closed the last trading session 0.4% higher at $43.37. BAM has returned -6.7% in the past month.

Brookfield Asset Management's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.76. Compared to the company's year-ago EPS, this represents a change of +55.1%. Brookfield Asset Management currently boasts a Zacks Rank of #3 (Hold).


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