Jones Lang LaSalle Incorporated Third Quarter Earnings Sneak Peek

Jones Lang LaSalle Incorporated (NYSE:JLL) will unveil its latest earnings on Tuesday, October 30, 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 estimate of analysts is for profit of $1.18 per share, a rise of 5.4% 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 $1.25. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.18 during the last month. Analysts are projecting profit to rise by 13.7% compared to last year’s $5.49.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the second quarter, the company reported net income of $1.13 per share versus a mean estimate of profit of $1.26 per share. In the first quarter, the company beat estimates by 30 cents.

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Stock Price Performance: Between August 1, 2012 and October 25, 2012, the stock price rose $11.05 (17%), from $64.94 to $75.99. 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.

A Look Back: In the second quarter, profit fell 15.1% to $37.4 million (83 cents a share) from $44.1 million (99 cents a share) the year earlier, missing analyst expectations. Revenue rose 9% to $921.3 million from $845.3 million.

Wall St. Revenue Expectations: Analysts are projecting a rise of 5.7% in revenue from the year-earlier quarter to $954.4 million.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 27.5% in the third quarter of the last fiscal year, 20.1% in the fourth quarter of the last fiscal year and 18.2% in the first quarter before increasing again in the second quarter.

The company enters this earnings announcement with steady profits recently. Net income has risen year-over-year average of more than threefold for the last four quarters.

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

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.17 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.

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

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