Jones Lang LaSalle (JLL) Soars 3.7%: Is Further Upside Left in the Stock?

Jones Lang LaSalle JLL shares ended the last trading session 3.7% higher at $315.06. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.3% gain over the past four weeks.The increased investor optimism in the stock can be attributed to the broader market sentiment.This financial and professional services company is expected to post quarterly earnings of $4.44 per share in its upcoming report, which represents a year-over-year change of +34.6%. Revenues are expected to be $6.78 billion, up 8.5% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Jones Lang LaSalle, the consensus EPS estimate for the quarter has been revised 1% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on JLL going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Jones Lang LaSalle is part of the Zacks Real Estate - Operations industry. RE/MAX RMAX, another stock in the same industry, closed the last trading session 3.8% higher at $9.86. RMAX has returned 0.3% in the past month.RE/MAX's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.35. Compared to the company's year-ago EPS, this represents a change of -10.3%. RE/MAX currently boasts a Zacks Rank of #3 (Hold).Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.See Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks