Equities research analysts predict that Jumia Technologies AG – (NYSE:JMIA) will report $44.52 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Jumia Technologies’ earnings, with the highest sales estimate coming in at $44.69 million and the lowest estimate coming in at $44.35 million. The business is expected to issue its next earnings results before the market opens on Wednesday, August 21st.
According to Zacks, analysts expect that Jumia Technologies will report full year sales of $208.05 million for the current year, with estimates ranging from $201.26 million to $212.69 million. For the next fiscal year, analysts forecast that the business will post sales of $341.93 million, with estimates ranging from $329.62 million to $353.42 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Jumia Technologies.
Several research analysts recently issued reports on the company. Raymond James reaffirmed an “outperform” rating and set a $23.00 target price (down from $36.00) on shares of Jumia Technologies in a research report on Thursday, August 22nd. Stifel Nicolaus set a $28.00 target price on shares of Jumia Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 21st. ValuEngine downgraded shares of Jumia Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Morgan Stanley raised shares of Jumia Technologies from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $22.00 to $13.00 in a research note on Tuesday, August 20th. Finally, Royal Bank of Canada upgraded shares of Jumia Technologies from a “sector perform” rating to an “outperform” rating and reduced their price target for the company from $40.00 to $30.00 in a research report on Wednesday, August 21st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Jumia Technologies presently has a consensus rating of “Hold” and an average target price of $30.00.
A number of large investors have recently added to or reduced their stakes in JMIA. Baillie Gifford & Co. purchased a new stake in shares of Jumia Technologies in the 2nd quarter valued at $237,842,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Jumia Technologies in the second quarter valued at $28,108,000. Morgan Stanley acquired a new stake in Jumia Technologies in the second quarter valued at $9,705,000. Schroder Investment Management Group acquired a new stake in Jumia Technologies in the second quarter valued at $9,682,000. Finally, Summit Partners L P acquired a new position in shares of Jumia Technologies during the 2nd quarter worth $7,309,000. 18.34% of the stock is currently owned by institutional investors.
JMIA stock opened at $10.55 on Tuesday. The firm’s 50 day moving average price is $12.33. Jumia Technologies has a 12-month low of $9.99 and a 12-month high of $49.77. The firm has a market cap of $829.52 million and a price-to-earnings ratio of -2.62. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.30 and a current ratio of 3.42.
About Jumia Technologies
Jumia Technologies AG operates an e-commerce platform in Africa. The company's platform consists of marketplace, which connects sellers with consumers; logistics service that enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the company's platform in selected markets.
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