Jones Lang LaSalle Incorporated Just Beat EPS By 13%: Here's What Analysts Think Will Happen Next
It's been a pretty great week for Jones Lang LaSalle Incorporated (NYSE:JLL) shareholders, with its shares surging 13% to US$353 in the week since its latest quarterly results. Revenues were US$7.3b, approximately in line with expectations, although statutory earnings per share (EPS) performed substantially better. EPS of US$6.85 were also better than expected, beating analyst predictions by 13%. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
After the latest results, the eight analysts covering Jones Lang LaSalle are now predicting revenues of US$31.3b in 2027. If met, this would reflect a notable 11% improvement in revenue compared to the last 12 months. Per-share earnings are expected to climb 20% to US$28.74. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$31.3b and earnings per share (EPS) of US$27.71 in 2027. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.
See our latest analysis for Jones Lang LaSalle
The consensus price target was unchanged at US$411, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Jones Lang LaSalle analyst has a price target of US$463 per share, while the most pessimistic values it at US$335. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Jones Lang LaSalle's past performance and to peers in the same industry. We can infer from the latest estimates that forecasts expect a continuation of Jones Lang LaSalle'shistorical trends, as the 8.7% annualised revenue growth to the end of 2027 is roughly in line with the 8.1% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 9.2% annually. It's clear that while Jones Lang LaSalle's revenue growth is expected to continue on its current trajectory, it's only expected to grow in line with the industry itself.
The Bottom Line
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Jones Lang LaSalle following these results. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at US$411, with the latest estimates not enough to have an impact on their price targets.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Jones Lang LaSalle going out to 2028, and you can see them free on our platform here..
You can also view our analysis of Jones Lang LaSalle's balance sheet, and whether we think Jones Lang LaSalle is carrying too much debt, for free on our platform here.
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