Jones Lang LaSalle (NYSE: JLL ) is expected to report Q2 earnings on July 31. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Jones Lang LaSalle's revenues will grow 10.0% and EPS will increase 12.5%.
The average estimate for revenue is $929.9 million. On the bottom line, the average EPS estimate is $1.26.
Last quarter, Jones Lang LaSalle booked revenue of $813.3 million. GAAP reported sales were 18% higher than the prior-year quarter's $687.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.50. GAAP EPS of $0.31 for Q1 were much higher than the prior-year quarter's $0.03 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 33.9%, 100 basis points better than the prior-year quarter. Operating margin was 3.2%, 140 basis points better than the prior-year quarter. Net margin was 1.7%, 150 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $3.91 billion. The average EPS estimate is $5.71.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 707 members out of 742 rating the stock outperform, and 35 members rating it underperform. Among 247 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 242 give Jones Lang LaSalle a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Jones Lang LaSalle is outperform, with an average price target of $93.33.
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