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Jumia Technologies (JMIA) Declines More Than Market: Some Information for Investors
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In the latest trading session, Jumia Technologies (JMIA - Free Report) closed at $5.70, marking a -3.55% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.52%. Elsewhere, the Dow saw a downswing of 1.24%, while the tech-heavy Nasdaq depreciated by 0.21%.
Prior to today's trading, shares of the company had lost 12.05% lagged the Retail-Wholesale sector's gain of 2.31% and the S&P 500's loss of 1.21%.
Analysts and investors alike will be keeping a close eye on the performance of Jumia Technologies in its upcoming earnings disclosure. Our most recent consensus estimate is calling for quarterly revenue of $53.4 million, up 17.03% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.19 per share and a revenue of $230.9 million, signifying shifts of +62% and +22.21%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Jumia Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. At present, Jumia Technologies boasts a Zacks Rank of #3 (Hold).
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 162, positioning it in the bottom 35% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Jumia Technologies (JMIA) Declines More Than Market: Some Information for Investors
In the latest trading session, Jumia Technologies (JMIA - Free Report) closed at $5.70, marking a -3.55% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.52%. Elsewhere, the Dow saw a downswing of 1.24%, while the tech-heavy Nasdaq depreciated by 0.21%.
Prior to today's trading, shares of the company had lost 12.05% lagged the Retail-Wholesale sector's gain of 2.31% and the S&P 500's loss of 1.21%.
Analysts and investors alike will be keeping a close eye on the performance of Jumia Technologies in its upcoming earnings disclosure. Our most recent consensus estimate is calling for quarterly revenue of $53.4 million, up 17.03% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.19 per share and a revenue of $230.9 million, signifying shifts of +62% and +22.21%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Jumia Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. At present, Jumia Technologies boasts a Zacks Rank of #3 (Hold).
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 162, positioning it in the bottom 35% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.