Jones Lang LaSalle Inc Fourth Quarter Earnings Sneak Peek

Jones Lang LaSalle Incorporated (NYSE:JLL) will unveil its latest earnings tomorrow, Tuesday, January 29, 2013. Jones Lang LaSalle provides integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients.

Jones Lang LaSalle Incorporated Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $2.61 per share, a rise of 2% 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 $2.70. Between one and three months ago, the average estimate moved down. It has been unchanged at $2.61 during the last month. Analysts are projecting profit to rise by 13.5% versus last year to $5.48.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the third quarter, it reported net income of $1.23 per share against a mean estimate of profit of $1.18 per share. In the second quarter, it missed forecasts by 13 cents.

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A Look Back: In the third quarter, profit rose 46.1% to $49.5 million ($1.10 a share) from $33.9 million (76 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 5.1% to $949.5 million from $903.2 million.

Here’s how Jones Lang LaSalle Inc traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:


Stock Price Performance: Between October 25, 2012 and January 23, 2013, the stock price rose $12.83 (16.9%), from $75.99 to $88.82. The stock price saw one of its best stretches over the last year between November 15, 2012 and November 30, 2012, when shares rose for 11 straight days, increasing 11.5% (+$8.48) over that span. It saw one of its worst periods between November 6, 2012 and November 15, 2012 when shares fell for eight straight days, dropping 8.1% (-$6.48) over that span.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 0.97 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, a ratio less than one could indicate a company may have difficulty meeting current obligations. The company regressed in this liquidity measure from 1.17 in the second quarter to the last quarter driven in part by an increase in liabilities. Current liabilities increased 32.5% to $1.31 billion while assets rose 9.8% to $1.27 billion.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 20.1% in the fourth quarter of the last fiscal year, 18.2% in the first quarter and 9% in the second quarter before increasing again in the third quarter.

There has enjoyed solid performance recently heading into this earnings announcement with profit rising by a year-over-year average of more than threefold for the last four quarters.

Wall St. Revenue Expectations: On average, analysts predict $1.21 billion in revenue this quarter, a rise of 5.2% from the year-ago quarter. Analysts are forecasting total revenue of $3.9 billion for the year, a rise of 8.9% from last year’s revenue of $3.58 billion.

Analyst Ratings: There are four out of six analysts surveyed (66.7%) rating Jones Lang LaSalle Incorporated a buy.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)