Jones Lang LaSalle Incorporated Second Quarter Earnings Sneak Peek

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Jones Lang LaSalle Incorporated (NYSE:JLL) will unveil its latest earnings on Tuesday, July 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 Incorporated Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of $1.26 per share, a rise of 12.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.28. Between one and three months ago, the average estimate moved up. It has dropped from $1.30 during the last month. For the year, analysts are projecting profit of $5.77 per share, a rise of 19.5% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 30 cents, coming in at net income of 50 cents a share versus the estimate of profit of 20 cents a share. It marked the fourth straight quarter of beating estimates.

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A Look Back: In the first quarter, profit rose 841.2% to $14 million (31 cents a share) from $1.5 million (3 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 18.2% to $813.3 million from $687.9 million.

Stock Price Performance: Between April 30, 2012 and July 25, 2012, the stock price fell $14.88 (-18.6%), from $79.94 to $65.06. The stock price saw one of its best stretches over the last year between January 13, 2012 and January 27, 2012, when shares rose for 10 straight days, increasing 13.5% (+$9.01) over that span. It saw one of its worst periods between May 2, 2012 and May 10, 2012 when shares fell for seven straight days, dropping 9.1% (-$7.75) over that span.

Wall St. Revenue Expectations: On average, analysts predict $933.4 million in revenue this quarter, a rise of 10.4% 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.

Key Stats:

With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 22.5% over the last four quarters.

Heading into this earnings announcement, the company is trying build on some positive momentum from last quarter’s income increase. After net income declines in the third quarter of the last fiscal year and fourth quarter of the last fiscal year, profit rose in the first quarter.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.14 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.

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)

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