JLL Earnings Prediction
The chart below shows how JLL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, JLL sees a +0.28% change in stock price 10 days leading up to the earnings, and a +2.75% change 10 days following the report. On the earnings day itself, the stock moves by -0.09%. This data can give you a slight idea of what to expect for the next quarter's release.
JLL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
5.87B
14.82%
4.27%
Gross Margin
--
--
--
Operating Margin
3.74%
28.08%
28.52%
Net Margin
2.64%
127.59%
76.00%
EPS
3.20
160.16%
82.86%
No Data Available
JLL Earnings Analysis
Jones Lang LaSalle, Inc. Corporation (JLL.N) Earnings Conference Call
Positive
Strong Financial Performance: In the third quarter, JLL delivered strong financial results, demonstrating our ability to drive operating leverage across our platform, with a consolidated enterprise-adjusted EBITDA increasing by 37% and adjusted EPS delivering 60% growth.
Strong Revenue Growth Across Segments: Our three largest business lines, Market Advisory, Capital Markets, and Work Dynamics all delivered double-digit revenue growth in the quarter, reflecting our strengths in transaction markets that are still in the early stages of recovery.
Strategic Leasing Enhancements: We announced strategic actions to further improve our leasing offering to clients and to enable our people through enhanced platform tools, which will strengthen our position in the market.
Strategic Acquisition of Brokerage: We recently acquired Raise Commercial Real Estate, a San Francisco technology-powered brokerage that provides clients solutions using a transformative digital real estate platform, enhancing JLL's platform with market-leading technology and seasoned brokers.
Incremental Investment Commitment: We have committed a $100 million incremental investment in that fund, which will be used to acquire assets to be syndicated to a 1031 exchange vehicle and recycled across multiple syndication offerings.
Negative
Revenue Decline Analysis: Revenue decreased on the impact of valuation declines within our assets under management over the past 12 months, as well as lower fees in Europe from the structural changes in our business mix we discussed in previous quarters.
Assets Under Management Decline: Absence of foreign currency exchange movements, assets under management were 7% lower than a year earlier.
EBITDA Decline Factors: The contract in LaSalle's adjusted EBITDA in the quarter was driven by the lower revenue and the absence of an incentive compensation true-up that benefited the prior-year quarter.
Declining Leasing Volumes: Leasing volumes are down and demand has moderated and continues to moderate.
Leasing Volume Decline: In the U.S., leasing volumes are down 26% year-over-year and the vacancy rose slightly, but it's still at 6.8%, right.
JLL FAQs
How does JLL typically perform around its earnings report dates?
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JLL Earning Call Sentiment
Jones Lang LaSalle Incorporated (JLL) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
JLL.N
-1.79%Positive
The earnings call summary shows strong financial performance, with increased EBITDA targets, revenue growth, and positive market trends. The acquisition of SKAE and investment in technology are promising, despite some competitive and regulatory risks. Share repurchases are a positive signal for investors. The Q&A section suggests cautious optimism and strategic focus on leveraging acquisitions and technology. Although there are risks, the overall sentiment is positive, with expected improvements in market conditions and capital markets recovery. Given the lack of market cap information, a positive stock price movement of 2% to 8% is anticipated.
