(Corrects company name in headline)
Overview
* JLL Q3 revenue grows 10% yr/yr, beating analyst
expectations
* Adjusted EPS for Q3 beats consensus, rising 29% yr/yr
* Company repurchased $70 mln in shares this quarter, up
118%
yr/yr
Outlook
* JLL raises mid-point of full-year Adjusted EBITDA target
* Company expects continued momentum into the fourth quarter
* JLL sees alignment of data, tech, and AI as growth drivers
Result Drivers
* TRANSACTIONAL REVENUE - Growth driven by Capital Markets
Services, with strong performance in investment sales, debt
advisory, and equity advisory
* RESILIENT REVENUE - Growth in Project Management and
Workplace
Management within Real Estate Management Services
* TECHNOLOGY AND AI - Strategic focus on data, technology,
and AI
capabilities supports long-term growth
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Beat $6.51 $6.48
Revenue bln bln (7
Analysts
)
Q3 Beat $4.50 $4.23 (9
Adjusted Analysts
EPS )
Q3 EPS $4.61
Q3 Beat $217.40 $207.56
Adjusted mln mln (6
Net Analysts
Income )
Q3 Beat $347.30 $345.96
Adjusted mln mln (9
EBITDA Analysts
)
Q3 Free $567.60
Cash mln
Flow
Analyst Coverage
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy", 3
"hold" and no "sell" or "strong sell"
* Wall Street's median 12-month price target for Jones Lang
LaSalle Inc ( JLL ) is $359.00, about 16.7% above its November 4 closing
price of $299.04
* The stock recently traded at 15 times the next 12-month
earnings
vs. a P/E of 15 three months ago
Press Release:
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(This story was created using Reuters automation and AI based
on LSEG and company data. It was checked and edited by a Reuters
journalist prior to publication.)