Stock Story -
Real estate firm JLL (NYSE:JLL) will be reporting results tomorrow morning. Here's what to expect.
JLL beat analysts' revenue expectations by 6.4% last quarter, reporting revenues of $5.12 billion, up 8.7% year on year. It was a stunning quarter for the company, with an impressive beat of analysts' earnings estimates and a decent beat of analysts' Capital Markets revenue estimates.
Is JLL a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting JLL's revenue to grow 11.4% year on year to $5.63 billion, a reversal from the 4.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.42 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. JLL has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 2.8% on average.
Looking at JLL's peers in the real estate services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Opendoor (NASDAQ:OPEN)'s revenues decreased 23.5% year on year, beating analysts' expectations by 2.9%, and Newmark reported revenues up 8.1%, in line with consensus estimates. Opendoor traded down 12.6% following the results.
Read the full analysis of Opendoor's and Newmark's results on StockStory.
There has been positive sentiment among investors in the real estate services segment, with share prices up 3.3% on average over the last month. JLL is up 16.4% during the same time and is heading into earnings with an average analyst price target of $238 (compared to the current share price of $237.19).
![JLL Earnings: What To Look For From JLL](https://d68-invdn-com.investing.com/content/pic576d21b1fa56e25748fd197fd957308c.jpeg)