Jones Lang Lasalle Inc. (NYSE:JLL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.27%.
Jones Lang Lasalle Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 28% to $0.36 in the quarter versus EPS of $0.50 in the year-earlier quarter.
Revenue: Rose 5.25% to $856 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Jones Lang Lasalle Inc. reported adjusted EPS income of $0.36 per share. By that measure, the company beat the mean analyst estimate of $0.23. It beat the average revenue estimate of $844.69 million.
Quoting Management: “We’re pleased with our opening quarter, which is in line with our expectations,” said Colin Dyer, President and Chief Executive Officer of Jones Lang LaSalle. “The performance of our regional real estate services showed overall improvement driven by fee revenue growth and cost actions taken last year. LaSalle Investment Management maintained good underlying performance and is positioned to increase assets under management.”
Key Stats (on next page)…
Revenue decreased 31.45% from $1.25 billion in the previous quarter. EPS decreased 86.15% from $2.60 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.41 to a profit $1.43. For the current year, the average estimate is a profit of $6.24, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)