Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Jones Lang LaSalle (JLL)
NYSEReal EstateReal Estate - ServicesSnapshot 2026-11-04
$390.33+4.23%
Close 2026-11-04 · 1-day change
NYSEReal EstateReal Estate - ServicesSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
28.05 → 28.47 EPS · FY ending Dec 31, 2027 · 7 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 8 to 7; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for JLL yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Disciplined capital allocation with strategic financing | The company secured an $870 million loan supporting disciplined capital allocation. | Intact | Failure to secure strategic financing or capital misallocation | Qualitative: $500M ASR executed JLL announced a $500M ASR and provided 2026 EPS guidance of $25.20-$26.30, reinforcing disciplined capital allocation. Nov 4, 2026Last status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Next earnings date unavailable
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Review earningsObserved price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
JLL is a real estate services business with a growth thesis tied to advisory and resilient service revenues, rather than a pure turnaround story. The thesis is on watch: recent results and execution signals have improved, but earnings quality is flagged as fragile and performance has lagged its industry cohort.
The valuation evidence describes JLL as cheap versus peers, with a negative expectations gap, meaning market expectations appear below the model’s view. The pricing signal is marked justified, and fragility is low because the evidence does not show the full combination of expensive valuation, weak execution, and turbulent conditions.
Near term, the latest evidence is constructive: third-quarter revenue grew 12% year over year, Advisory revenue rose 22% in local currency, and Resilient revenue rose 9%. Management has also reported progress on repurchases, but delivery against the broader Accelerate 2030 strategy remains only partly established; recent guidance reversals or weakness among sector peers are key risks.
Over the multi-year view, the thesis depends on continued growth in Advisory and Resilient services and credible execution of Accelerate 2030. Near term, a Fed rate-cutting cycle could support rate-sensitive real estate activity, while cuts to recently raised guidance or cracks among sector bellwethers could weaken the setup.
JLL’s long-term thesis has support from recent revenue growth and stated strategic priorities, but fragile earnings quality and below-cohort performance keep the case on watch. The 1-3 year read hinges on sustained execution and avoiding a reversal in guidance. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| Management aims for record EPS of $3.33 in Q1 2026 and revenue of $26.1 billion in FY26. |
| Broken |
| EPS falls below $15 per share in FY26 |
Diluted EPS: $6.85 per share FY2026-Q3; GAAP. Published target: >= $16.4 per share. Annual target cannot be compared with a quarterly or TTM observation. Oct 28, 20266.85 USD/share · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Revenue grows to at least $26.1 billion in FY26 | A primary condition in Jones Lang LaSalle's published investment case. The stated target is >= $26.1 billion. | Intact | Revenue falls below $24.3 billion in FY26 (approx. 7% below guidance) | Revenue: $7.281B FY2026-Q3; GAAP. Published target: >= $26.1 billion. Annual target cannot be compared with a quarterly or TTM observation. Oct 28, 20267,281,200,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$26.26 → $28.47 · observed estimates
$30.93B → $30.93B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $26.26 | $30,925,535,461 | 7 / 7 |
| 2026-07-25 | $26.46 | $31,155,535,460 | 12 / 8 |
| 2026-07-26 | $26.33 | $30,945,035,461 | 7 / 7 |
| 2026-07-27 | $26.46 | $31,155,535,460 | 12 / 8 |
| 2026-07-28 | $26.34 | $30,945,035,461 | 7 / 7 |
| 2026-07-29 | $26.48 | $31,155,535,460 | 12 / 8 |
| 2026-07-30 | $26.48 | $31,155,535,460 | 12 / 8 |
| 2026-07-31 | $26.64 | $31,123,035,460 | 12 / 8 |
| 2026-08-01 | $26.72 | $30,995,547,836 | 7 / 7 |
| 2026-08-02 | $27.19 | $31,238,422,840 | 12 / 8 |
| 2026-08-03 | $26.72 | $30,995,547,836 | 7 / 7 |
| 2026-08-04 | $27.19 | $31,238,422,840 | 12 / 8 |
| 2026-08-05 | $27.34 | $31,238,422,840 | 12 / 8 |
| 2026-08-06 | $27.34 | $31,238,422,840 | 12 / 8 |
| 2026-08-07 | $26.72 | $30,995,547,836 | 7 / 7 |
| 2026-08-08 | $27.76 | $31,353,871,790 | 12 / 8 |
| 2026-08-09 | $27.76 | $31,353,871,790 | 12 / 8 |
| 2026-08-10 | $27.76 | $31,353,871,790 | 12 / 8 |
| 2026-08-12 | $27.84 | $31,257,173,440 | 12 / 8 |
| 2026-08-13 | $26.72 | $30,995,547,836 | 7 / 7 |
| 2026-08-14 | $26.72 | $30,995,547,836 | 7 / 7 |
| 2026-08-15 | $26.72 | $30,995,547,836 | 7 / 7 |
| 2026-08-16 | $26.72 | $30,995,547,836 | 7 / 7 |
| 2026-08-17 | $26.72 | $30,995,547,836 | 7 / 7 |
| 2026-08-18 | $26.72 | $30,995,547,836 | 7 / 7 |
| 2026-08-19 | $26.72 | $30,995,547,836 | 7 / 7 |
| 2026-08-20 | $28.12 | $31,053,548,444 | 8 / 7 |
| 2026-08-21 | $28.12 | $31,053,548,444 | 8 / 7 |
| 2026-08-22 | $28.12 | $31,053,548,444 | 8 / 7 |
| 2026-08-23 | $28.12 | $31,053,548,444 | 8 / 7 |
| 2026-08-24 | $28.12 | $31,053,548,444 | 8 / 7 |
| 2026-08-25 | $28.12 | $31,053,548,444 | 8 / 7 |
| 2026-08-26 | $28.12 | $31,053,548,444 | 8 / 7 |
| 2026-08-27 | $28.12 | $31,053,548,444 | 8 / 7 |
| 2026-08-28 | $28.12 | $31,053,548,444 | 8 / 7 |
| 2026-08-29 | $28.30 | $31,213,091,010 | 8 / 7 |
| 2026-08-30 | $28.30 | $31,213,091,010 | 8 / 7 |
| 2026-08-31 | $28.30 | $31,213,091,010 | 8 / 7 |
| 2026-09-01 | $28.30 | $31,213,091,010 | 8 / 7 |
| 2026-09-02 | $28.30 | $31,213,091,010 | 8 / 7 |
| 2026-09-03 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-04 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-05 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-06 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-07 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-08 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-09 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-10 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-11 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-12 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-13 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-14 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-15 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-16 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-17 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-18 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-19 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-20 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-21 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-22 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-23 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-24 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-25 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-26 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-27 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-28 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-29 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-09-30 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-10-01 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-10-02 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-10-03 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-10-04 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-10-05 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-10-06 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-10-07 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-10-08 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-10-09 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-10-10 | $28.05 | $31,213,091,010 | 8 / 7 |
| 2026-10-11 | $27.97 | $31,213,091,010 | 8 / 7 |
| 2026-10-12 | $27.97 | $31,213,091,010 | 8 / 7 |
| 2026-10-13 | $27.98 | $31,213,091,010 | 8 / 7 |
| 2026-10-14 | $27.80 | $31,170,646,838 | 8 / 7 |
| 2026-10-15 | $27.80 | $31,170,646,838 | 7 / 7 |
| 2026-10-16 | $27.80 | $31,170,646,838 | 7 / 7 |
| 2026-10-17 | $27.80 | $31,170,646,838 | 7 / 7 |
| 2026-10-18 | $27.70 | $31,140,135,713 | 7 / 7 |
| 2026-10-19 | $27.70 | $31,140,135,713 | 7 / 7 |
| 2026-10-20 | $27.69 | $31,140,135,713 | 7 / 7 |
| 2026-10-21 | $27.69 | $31,140,135,713 | 7 / 7 |
| 2026-10-22 | $27.69 | $31,140,135,713 | 7 / 7 |
| 2026-10-23 | $27.57 | $31,100,710,713 | 7 / 7 |
| 2026-10-24 | $27.57 | $31,100,710,713 | 7 / 7 |
| 2026-10-25 | $27.57 | $31,100,710,713 | 7 / 7 |
| 2026-10-26 | $27.57 | $31,100,710,713 | 7 / 7 |
| 2026-10-27 | $27.57 | $31,100,710,713 | 7 / 7 |
| 2026-10-28 | $27.57 | $31,100,710,713 | 7 / 7 |
| 2026-10-29 | $28.09 | $30,988,010,713 | 7 / 7 |
| 2026-10-30 | $28.09 | $30,988,010,713 | 7 / 7 |
| 2026-10-31 | $28.28 | $30,988,010,713 | 7 / 7 |
| 2026-11-01 | $28.28 | $30,988,010,713 | 7 / 7 |
| 2026-11-02 | $28.28 | $30,988,010,713 | 7 / 7 |
| 2026-11-03 | $28.39 | $30,929,748,605 | 7 / 7 |
| 2026-11-04 | $28.47 | $30,925,046,460 | 7 / 7 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 8 Buy / Strong Buy · 4 Hold · 0 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 1 recorded
Individual price-target observations are unavailable.
0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
2 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.