Jones Lang LaSalle
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Jones Lang LaSalle beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Gross margins grew, operating margins dropped, net margins increased.
Jones Lang LaSalle logged revenue of $1.25 billion. The six analysts polled by S&P Capital IQ expected revenue of $1.21 billion on the same basis. GAAP reported sales were 8.8% higher than the prior-year quarter's $1.15 billion.
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 $2.60. The six earnings estimates compiled by S&P Capital IQ forecast $2.61 per share. GAAP EPS of $2.38 for Q4 were 25% higher than the prior-year quarter's $1.91 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 78.3%, 10 basis points better than the prior-year quarter. Operating margin was 13.1%, 20 basis points worse than the prior-year quarter. Net margin was 8.6%, 120 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $862.4 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $4.19 billion. The average EPS estimate is $6.15.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 697 members out of 731 rating the stock outperform, and 34 members rating it underperform. Among 292 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 287 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 $93.43.
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Seth Jayson owned shares of the following at the time of publication: Jones Lang LaSalle. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Jones Lang LaSalle. The Motley Fool owns shares of Jones Lang LaSalle. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.