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Jones Lang Lasalle Inc. (JLL)
NYSE:JLL
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$5.88Last Year’s EPS
$4.23Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -9.68%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call for JLL's Q3 2024 showed strong financial results and strategic growth initiatives, particularly in capital markets and work dynamics. However, challenges remain in JLL Technologies, LaSalle, and the industrial sector, which experienced revenue declines or flat growth. Overall, the company's positive momentum and strategic realignments indicate a promising outlook.Company Guidance
During the third quarter 2024 earnings call for Jones Lang LaSalle Incorporated (JLL), the company announced robust financial results, with its three largest business clients—market advisory, capital markets, and work dynamics—achieving double-digit revenue growth. The consolidated enterprise adjusted EBITDA saw a significant increase of 37%, while adjusted EPS grew by 60%. The company also highlighted strategic initiatives, including the acquisition of Race Commercial Real Estate to enhance its leasing technology and the realignment of its Property Management business under a single segment. LaSalle's U.S. open-ended core fund, JLL Income Property Trust, received a $100 million incremental investment to accelerate asset growth. For the full year 2024, JLL raised the bottom end of its adjusted EBITDA target range to $1.15 billion, reflecting a 7% increase at the midpoint, driven by solid growth trends and improving transaction activity.Strong Financial Performance
JLL delivered strong financial results in Q3 2024, with double-digit revenue growth in its major business lines: market advisory, capital markets, and work dynamics. Adjusted EBITDA increased by 37% and adjusted EPS grew by 60%.
Strategic Acquisitions and Realignment
JLL acquired Race Commercial Real Estate to enhance its leasing technology platform, and announced the realignment of its Property Management business to leverage synergies and improve client experience.
Increased Capital Markets Activity
Capital Markets segment revenue increased by 18% due to improved investor sentiment and increased investment sales and debt advisory activities, particularly in the U.S. and Europe.
Work Dynamics Growth
Work Dynamics revenue grew with a 20% increase in workplace management, driven by U.S. mandate expansion and project management growth.
Improved Liquidity and Financial Position
JLL's liquidity totaled $3.4 billion at the end of Q3 2024, and net leverage decreased to 1.4x from 1.9x, aided by strategic capital allocation and share repurchases.
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JLL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JLL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $279.82 | $262.08 | -6.34% |
| Aug 06, 2024 | $231.99 | $233.99 | +0.86% |
| May 06, 2024 | $185.52 | $191.14 | +3.03% |
| Feb 27, 2024 | $184.84 | $186.92 | +1.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Jones Lang Lasalle Inc. (JLL) report earnings?
Jones Lang Lasalle Inc. (JLL) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Jones Lang Lasalle Inc. (JLL) earnings time?
Jones Lang Lasalle Inc. (JLL) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JLL EPS forecast?
JLL EPS forecast for the fiscal quarter 2024 (Q4) is $5.88.
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