JLL (JLL) Tops Q2 EPS by $2.63; Raises Adj-EBITDA Margin Range

JLL (NYSE: JLL) reported Q2 EPS of $4.20, $2.63 better than the analyst estimate of $1.57. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.45 billion.

"JLL delivered an exceptional second quarter led by a strong recovery in our transaction-based businesses," noted Christian Ulbrich, JLL CEO. "Continued investments in our platform, people and technology, coupled with financial discipline and strong operational execution, have been instrumental to our success. Given the strong momentum in the business, the successful integration of HFF and increased visibility into a post-pandemic future, we are increasing our 2021 Adjusted EBITDA margin target range to 16% to 19%."

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