Jones Lang LaSalle Inc reports results for the quarter ended in September - Earnings Summary

Jones Lang LaSalle Incorporated

02/11/2023 13:33

* Jones Lang LaSalle Inc  JLL.N  reported quarterly adjusted
earnings of $2.01​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $3.40.  The mean expectation of
seven analysts for the quarter was for earnings of $2.07 per
share. Wall Street expected results to range from $1.42 
to $2.49 per share.
    * Revenue fell 12.6% to $1.79 billion from a year ago;
analysts
expected $1.82 billion. 
    * Jones Lang LaSalle Inc's reported EPS for the quarter was
$1.23​.
    * The company reported quarterly net income of $59.7
million.
    * Jones Lang LaSalle Inc shares had fallen by 7.6% this
quarter and lost 18.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 37%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the real estate
services peer group is also "buy"

Wall Street's median 12-month price target for Jones Lang
LaSalle Inc is $182.50 
This summary was machine generated from LSEG data November 2 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      2.07           2.01           Missed
 Jun. 30 2023      2.02           0.50           Missed
 Mar. 31 2023      1.76           0.65           Missed
 Dec. 31 2022      4.42           4.36           Missed