In the latest close session, Jumia Technologies (JMIA) was down 1.23% at $5.61. This change lagged the S&P 500's daily loss of 0.31%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 1.38%.
The company's shares have seen a decrease of 14.59% over the last month, not keeping up with the Retail-Wholesale sector's gain of 3.86% and the S&P 500's gain of 0.87%.
The investment community will be paying close attention to the earnings performance of Jumia Technologies in its upcoming release. Simultaneously, our latest consensus estimate expects the revenue to be $53.4 million, showing a 17.03% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.19 per share and revenue of $230.9 million, indicating changes of +62% and +22.21%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Jumia Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Jumia Technologies is currently sporting a Zacks Rank of #3 (Hold).
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 177, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Jumia Technologies (JMIA): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).