Real estate firm JLL (NYSE: JLL) will be reporting results this Wednesday before market hours. Here’s what investors should know.
JLL missed analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $6.25 billion, up 11% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EBITDA estimates but a miss of analysts’ Capital Markets revenue estimates.
Is JLL a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting JLL’s revenue to grow 11.4% year on year to $6.54 billion, slowing from the 14.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $4.27 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 2.5% on average.
Looking at JLL’s peers in the real estate services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. The Real Brokerage delivered year-on-year revenue growth of 52.6%, beating analysts’ expectations by 6.5%, and CBRE reported revenues up 13.5%, topping estimates by 2.1%. The Real Brokerage traded up 3.9% following the results while CBRE’s stock price was unchanged.
Read our full analysis of The Real Brokerage’s results here and CBRE’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the real estate services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.4% on average over the last month. JLL is up 3.1% during the same time and is heading into earnings with an average analyst price target of $343.78 (compared to the current share price of $300.06).
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