JLL earnings: what to look for from JLL

Real estate firm JLL (NYSE:JLL) will be reporting earnings this Wednesday before market hours. Here’s what to expect.

JLL beat analysts’ revenue expectations last quarter, reporting revenues of $6.93 billion, up 10.8% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Is JLL a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting JLL’s revenue to grow 10.1% year on year, in line with the 10.9% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. JLL has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at JLL’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. CBRE delivered year-on-year revenue growth of 12.7%, missing analysts’ expectations by 2.3%, and Hasbro reported revenues up 15%, topping estimates by 7.9%. CBRE traded down 8.4% following the results while Hasbro was up 15.7%.

Read our full analysis of CBRE’s results here and Hasbro’s results here.

Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices flat over the last month. JLL is down 4.4% during the same time and is heading into earnings with an average analyst price target of $406.80 (compared to the current share price of $300.29).

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