Jones Lang LaSalle Inc. Third Quarter Earnings Sneak Peek

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Jones Lang LaSalle, Inc. (NYSE:JLL) will unveil its latest earnings on Wednesday, November 2, 2011. 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 profit of $1.09 per share, a rise of 26.7% 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 $1.21. Between one and three months ago, the average estimate moved down. It also has dropped from $1.13 during the last month. Analysts are projecting profit to rise by 19.1% versus last year to $4.49.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported net income of $1.12 per share against a mean estimate of profit of $1.10 per share. In the first quarter, it missed forecasts by 28 cents.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: Analysts are projecting a rise of 21% in revenue from the year-earlier quarter to $857.3 million.

Analyst Ratings: Analysts are bullish on this stock with five analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the second quarter, profit rose 37.9% to $44.1 million (99 cents a share) from $32 million (72 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 25.4% to $849.4 million from $677.5 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 20.5%, with the biggest boost coming in the most recent quarter when revenue rose 25.4% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 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 September 29, 2011 to October 27, 2011, the stock price had risen $9.80 (17.6%) from $55.70 to $65.50. 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 July 29, 2011 and August 8, 2011 when shares fell for seven-straight days, falling 26.7% (-$22.75) over that span. Shares are down $18.29 (-21.8%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

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