Real estate firm JLL (NYSE:JLL) will be announcing earnings results tomorrow before the bell. Here’s what you need to know.

JLL beat analysts’ revenue expectations by 4.2% last quarter, reporting revenues of $5.87 billion, up 14.8% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ EPS estimates.

Is JLL a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting JLL’s revenue to grow 14.2% year on year to $6.72 billion, improving from the 4.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $6.01 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. JLL has missed Wall Street’s revenue estimates three times over the last two years.

Looking at JLL’s peers in the real estate services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Marcus & Millichap delivered year-on-year revenue growth of 44.4%, beating analysts’ expectations by 20.2%, and CBRE reported revenues up 16.2%, topping estimates by 1.2%. Marcus & Millichap traded up 5.4% following the results while CBRE was also up 2.1%.

Read our full analysis of Marcus & Millichap’s results here and CBRE’s results here.

Investors in the real estate services segment have had steady hands going into earnings, with share prices up 1.3% on average over the last month. JLL is up 5.9% during the same time and is heading into earnings with an average analyst price target of $317.89 (compared to the current share price of $287).

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.