Stock Story -
What Happened:Shares of real estate firm JLL (NYSE:JLL) jumped 5.7% in the morning session after the company reported first-quarter results that blew past analysts' revenue, adjusted EBITDA, and EPS expectations. Despite the high-interest rate environment weighing heavily on the decisions of some of its clients, JLL delivered broad-based growth with sales outperforming expectations across all key operating segments (Market Advisory, Capital Markets, and Work Dynamics). Likewise, profitability ratios benefited from higher sales and cost-reduction efforts initiated over the past twelve months. Zooming out, we think this was a solid quarter.
Is now the time to buy JLL? Find out by reading the original article on StockStory, it's free.
What is the market telling us:JLL's shares are quite volatile and over the last year have had 8 moves greater than 5%. In context of that, today's move is indicating the market considers this news meaningful but not something that would fundamentally change its perception of the business.
JLL is up 2.6% since the beginning of the year, and at $191.59 per share it is trading close to its 52-week high of $198.34 from April 2024. Investors who bought $1,000 worth of JLL's shares 5 years ago would now be looking at an investment worth $1,271.
![Why Is JLL (JLL) Stock Rocketing Higher Today](https://d68-invdn-com.investing.com/content/picd7a231c5288cffd8d12fd289ba28b0c7.jpeg)