Jones Lang LaSalle Beats on Both Top and Bottom Lines

Jones Lang LaSalle (NYSE: JLL  ) reported earnings on Wednesday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Jones Lang LaSalle beat expectations on revenues and beat expectations on earnings per share.

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

Margins expanded across the board.

Revenue details
Jones Lang LaSalle logged revenue of $813.3 million. The five analysts polled by S&P Capital IQ anticipated revenue of $781.2 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $687.9 million.

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

EPS details
EPS came in at $0.46. The five earnings estimates compiled by S&P Capital IQ anticipated $0.20 per share. GAAP EPS of $0.31 for Q1 were much higher than the prior-year quarter's $0.03 per share.

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 33.9%, 100 basis points better than the prior-year quarter. Operating margin was 2.9%, 110 basis points better than the prior-year quarter. Net margin was 1.7%, 150 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $924.8 million. On the bottom line, the average EPS estimate is $1.30.

Next year's average estimate for revenue is $3.89 billion. The average EPS estimate is $5.64.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 701 members rating the stock outperform and 34 members rating it underperform. Among 277 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 273 give Jones Lang LaSalle a green thumbs-up, and four 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 $93.33.

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