Real estate firm JLL (NYSE: JLL) will be reporting results this Thursday before market open. Here’s what to look for.
JLL beat analysts’ revenue expectations last quarter, reporting revenues of $7.61 billion, up 11.7% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income 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 4.2% year on year, slowing from the 12.1% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to 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 Q1 results, giving us a hint as to what we can expect. CBRE delivered year-on-year revenue growth of 18.2%, beating analysts’ expectations by 2.5%, and Forestar Group reported revenues up 6.6%, in line with consensus estimates. CBRE traded down 3.4% following the results while Forestar Group was up 3.3%.
Read our full analysis of CBRE’s results here and Forestar Group’s results here.
There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 12.5% on average over the last month. JLL is up 15% during the same time and is heading into earnings with an average analyst price target of $380.50 (compared to the current share price of $341.57).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.
