Jones Lang LaSalle: Revenue Grows, Earnings to Follow
Commercial property services company Jones Lang LaSalle (NYSE: JLL) strategic growth plan remains on track, but you wouldn't think it from looking at its declining EBITDA in the first half of the year. No matter, it's all part of the company's acquisition led expansion plans, which management hopes will generate strong earnings growth in the years to come. The second-quarter earnings saw the company aggressively growing its top-line while generating, what management called "underlying operating momentum."
Starting with the headline numbers from the quarter:
As you can see above the strong revenue growth hasn't translated into earnings growth just yet, but it's largely a consequence of actions taken to generate long-term growth. Let's take a look at them.
Source: Fool.com
Jones Lang Lasalle Stock
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However, we have a potential of -3.02% for Jones Lang Lasalle as the target price of 225 € is below the current price of 232.0 €.
