Jones Lang LaSalle, Inc. (NASDAQ:JLL) will unveil its latest earnings on Tuesday, July 26, 2011. Jones Lang LaSalle, Inc. provides integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients. CB Richard Ellis Group, Inc. Second Quarter Earnings Sneak Peek>>
Jones Lang LaSalle, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.10 per share, a rise of 32.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.16. Between one and three months ago, the average estimate moved down, but it has been unchanged at $1.10 during the last month. For the year, analysts are projecting profit of $4.90 per share, a rise of 30% from last year.
Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the first quarter, it reported net income of 3 cents per share against a mean estimate of 31 cents. Two quarters ago, it beat expectations by 28 cents with profit of $1.94.
Wall St. Revenue Expectations: On average, analysts predict $794.9 million in revenue this quarter, a rise of 16.8% from the year ago quarter. Analysts are forecasting total revenue of $3.4 billion for the year, a rise of 16% from last year’s revenue of $2.93 billion.
Analyst Ratings: Analysts are bullish on Jones Lang LaSalle as four analysts rate it as a buy, none rate it as a sell and four rate it as a hold.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 19.6%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 21.7% from the year earlier quarter.
Competitors to Watch: CB Richard Ellis Group, Inc. (NYSE:CBG), Grubb & Ellis Company (NYSE:GBE), Kennedy-Wilson Hldgs., Inc. (NYSE:KW), FirstService Corp. (NASDAQ:FSRV), ZipRealty, Inc. (NASDAQ:ZIPR), E-House (NASDAQ:CHINA) Hldgs. Ltd. (NYSE:EJ), HFF, Inc. (NYSE:HF), EMCOR Group, Inc. (NYSE:EME), Terreno Realty Corporation (NYSE:TRNO), and IFM Investments Ltd. (NYSE:CTC).
Stock Price Performance: During April 25, 2011 to July 20, 2011, the stock price had fallen $14.03 (-13.2%) from $106.17 to $92.14. The stock price saw one of its best stretches over the last year between December 9, 2010 and December 22, 2010 when shares rose for 10-straight days, rising 8% (+$6.39) over that span. It saw one of its worst periods between May 9, 2011 and May 17, 2011 when shares fell for seven-straight days, falling 5.8% (-$5.74) over that span. Shares are up $8.35 (+10%) year to date.
(Source: Xignite Financials)
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