Jones Lang LaSalle
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Jones Lang LaSalle met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded significantly.
Gross margins increased, operating margins contracted, net margins grew.
Jones Lang LaSalle logged revenue of $949.5 million. The six analysts polled by S&P Capital IQ looked for a top line of $954.4 million on the same basis. GAAP reported sales were 5.1% higher than the prior-year quarter's $903.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.23. The six earnings estimates compiled by S&P Capital IQ averaged $1.18 per share. GAAP EPS of $1.10 for Q3 were 45% higher than the prior-year quarter's $0.76 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 34.5%, 120 basis points better than the prior-year quarter. Operating margin was 7.7%, 10 basis points worse than the prior-year quarter. Net margin was 5.2%, 140 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.22 billion. On the bottom line, the average EPS estimate is $2.66.
Next year's average estimate for revenue is $3.89 billion. The average EPS estimate is $5.47.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 704 members out of 740 rating the stock outperform, and 36 members rating it underperform. Among 261 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 255 give Jones Lang LaSalle a green thumbs-up, and six 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 $94.33.
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