Jones Lang LaSalle Inc. Fourth Quarter Earnings Sneak Peek

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Jones Lang LaSalle, Inc. (NYSE:JLL) will unveil its latest earnings on Tuesday, January 31, 2012. 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, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $2.23 per share, a rise of 14.9% 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 $2.28. Between one and three months ago, the average estimate moved down. It has been unchanged at $2.23 during the last month. For the year, analysts are projecting profit of $4.46 per share, a rise of 18.3% from last year.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting net income of $1.12 per share, and the previous quarter, it had profit of $1.12.

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Wall St. Revenue Expectations: On average, analysts predict $1.12 billion in revenue this quarter, a rise of 17.1% from the year ago quarter. Analysts are forecasting total revenue of $3.55 billion for the year, a rise of 21.2% from last year’s revenue of $2.93 billion.

Analyst Ratings: four out of six analysts surveyed (66.7%) have a buy rating on Jones Lang LaSalle.. This is below the mean analyst rating of 10 competitors, which average 70.3% buy ratings.

A Look Back: In the third quarter, profit fell 8.7% to $33.9 million (76 cents a share) from $37.1 million (84 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 27.5% to $903.2 million from $708.4 million.

Key Stats:

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 21.9%, with the biggest boost coming in the most recent quarter when revenue rose 27.5% from the year earlier quarter.

The decrease in profit in the third quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose 37.9% in the second quarter, more than sixfold in the first quarter and 66.9% in the fourth quarter of the last fiscal year.

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 November 25, 2011 to January 25, 2012, the stock price had risen $17.43 (30.4%) from $57.27 to $74.70. The stock price saw one of its best stretches over the last year between February 4, 2011 and February 16, 2011 when shares rose for nine-straight days, rising 5.5% (+$5.34) over that span. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven-straight days, falling 26.7% (-$22.70) over that span.

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

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