Wall Street analysts forecast that Jones Lang LaSalle (JLL) will report quarterly earnings of $7.25 per share in its upcoming release, pointing to a year-over-year increase of 17.9%. It is anticipated that revenues will amount to $7.33 billion, exhibiting an increase of 7.6% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Jones Lang LaSalle metrics that Wall Street analysts commonly model and monitor.
Analysts expect 'Adjusted EBITDA- Leasing Advisory / Markets Advisory' to come in at $186.19 million. The estimate is in contrast to the year-ago figure of $170.80 million.
It is projected by analysts that the 'Adjusted EBITDA- Capital Markets' will reach $145.51 million. Compared to the present estimate, the company reported $119.90 million in the same quarter last year.
The consensus estimate for 'Adjusted EBITDA- Investment Management' stands at $29.65 million. The estimate is in contrast to the year-ago figure of $42.60 million.
The combined assessment of analysts suggests that 'Adjusted EBITDA- Real Estate Management Services' will likely reach $159.25 million. Compared to the current estimate, the company reported $120.00 million in the same quarter of the previous year.
View all Key Company Metrics for Jones Lang LaSalle here>>>
Over the past month, Jones Lang LaSalle shares have recorded returns of -18.7% versus the Zacks S&P 500 composite's -1.7% change. Based on its Zacks Rank #3 (Hold), JLL will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Jones Lang LaSalle Incorporated (JLL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
