Jones Lang LaSalle Beats Analyst Estimates on EPS

Seth Jayson, The Motley Fool
Updated

Jones Lang LaSalle (NYS: JLL) filed its 10-K on Monday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Jones Lang LaSalle beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share improved.

Gross margins increased, operating margins grew, and net margins dropped.

Revenue details
Jones Lang LaSalle chalked up revenue of $1.15 billion. The six analysts polled by S&P Capital IQ wanted to see revenue of $1.11 billion on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $956.3 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $2.48. The six earnings estimates compiled by S&P Capital IQ predicted $2.22 per share on the same basis. GAAP EPS of $1.91 for Q4 were 0.5% higher than the prior-year quarter's $1.90 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 37.1%, 90 basis points better than the prior-year quarter. Operating margin was 13.3%, 30 basis points better than the prior-year quarter. Net margin was 7.4%, 140 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $772.3 million. On the bottom line, the average EPS estimate is $0.20.

Next year's average estimate for revenue is $3.9 billion. The average EPS estimate is $5.49.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 708 members rating the stock outperform and 33 members rating it underperform. Among 302 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 297 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 $87.29.

At the time thisarticle was published 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Jones Lang LaSalle. Motley Fool newsletter services have recommended buying 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.

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