Jones Lang LaSalle Incorporated (JLL) Hits Fresh High: Is There Still Room to Run?

Core Viewpoint - Jones Lang LaSalle (JLL) has shown strong stock performance, with an 11.9% increase over the past month and a 33.4% rise since the beginning of the year, outperforming both the Zacks Finance sector and the Zacks Real Estate - Operations industry [1] Financial Performance - JLL has consistently exceeded earnings expectations, reporting an EPS of $4.5 in its latest earnings report, surpassing the consensus estimate of $4.24 [2] - For the current fiscal year, JLL is projected to achieve earnings of $17.33 per share on revenues of $25.84 billion, reflecting a 23.77% increase in EPS and a 10.29% increase in revenues [3] - The forecast for the next fiscal year indicates earnings of $20.28 per share on revenues of $27.47 billion, representing year-over-year changes of 17% in EPS and 6.3% in revenues [3] Valuation Metrics - JLL's stock trades at 19.5 times the current fiscal year EPS estimates, which is above the peer industry average of 15.1 times [7] - On a trailing cash flow basis, JLL trades at 15.5 times compared to the peer group's average of 12.7 times, indicating a premium valuation [7] Style Scores and Zacks Rank - JLL has a Value Score of B, a Growth Score of B, and a Momentum Score of A, resulting in a combined VGM Score of A [6] - The stock holds a Zacks Rank of 2 (Buy), supported by a positive earnings estimate revision trend [8] - JLL meets the criteria for investment selection, suggesting potential for further stock price appreciation in the near term [9]