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JLL — Jones Lang LaSalle Incorporated News Story

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JLL Q2 revenue up 10%, EPS rises 32%

Overview

JLL Q2 revenue rises 10%, beating analyst expectations, per LSEG data

Adjusted EPS for Q2 up 29%, surpassing consensus estimates, per LSEG data

Co doubled share repurchases in Q2, reflecting confidence in performance

Outlook

JLL raises mid-point of full-year Adjusted EBITDA target range

Company cites strong performance in resilient businesses for outlook

Investments in platform and people to drive sustainable growth

Result Drivers

REVENUE GROWTH - JLL reports 10% increase in Q2 revenue, driven by Real Estate Management Services and Capital Markets Services

RESILIENT SEGMENTS - Workplace Management and Project Management within Real Estate Management Services saw significant growth, contributing to overall performance

CAPITAL MARKETS - Strong performance in debt advisory and investment sales led to 12% growth in Capital Markets Services

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$6.25 bln$6.21 bln (7 Analysts)
Q2 Adjusted EPSBeat$3.3$3.2 (8 Analysts)
Q2 EPS$2.32
Q2 Adjusted Net IncomeBeat$159.40 mln$154.40 mln (6 Analysts)
Q2 Adjusted EBITDABeat$291.70 mln$277.30 mln (7 Analysts)
Q2 Free Cash Flow$288.40 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell" The average consensus recommendation for the real estate services peer group is "buy" Wall Street's median 12-month price target for Jones Lang LaSalle Inc is $338.00, about 19.2% above its August 5 closing price of $273.02 The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago Press Release: ID:nPnvVQVQa (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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