Brokerages Expect Jumia Technologies AG (NYSE:JMIA) Will Post Earnings of -$0.57 Per Share

Wall Street analysts expect Jumia Technologies AG (NYSE:JMIA) to report ($0.57) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Jumia Technologies’ earnings. Jumia Technologies reported earnings of ($0.67) per share in the same quarter last year, which indicates a positive year over year growth rate of 14.9%. The business is scheduled to report its next quarterly earnings report on Friday, March 11th.

On average, analysts expect that Jumia Technologies will report full-year earnings of ($1.97) per share for the current financial year, with EPS estimates ranging from ($2.09) to ($1.84). For the next financial year, analysts expect that the business will post earnings of ($2.06) per share, with EPS estimates ranging from ($2.16) to ($1.95). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Jumia Technologies.

Several research firms have commented on JMIA. Zacks Investment Research lowered shares of Jumia Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, January 5th. Stifel Nicolaus lowered their target price on shares of Jumia Technologies from $22.00 to $18.00 and set a “hold” rating for the company in a report on Wednesday, November 17th. Finally, Morgan Stanley lowered shares of Jumia Technologies from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $21.00 to $11.00 in a report on Monday, November 29th.

JMIA stock traded down $0.02 during trading on Friday, hitting $9.83. 3,829,347 shares of the company’s stock traded hands, compared to its average volume of 4,217,139. Jumia Technologies has a 52 week low of $9.48 and a 52 week high of $69.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.54 and a quick ratio of 1.47. The business has a fifty day simple moving average of $12.87 and a 200 day simple moving average of $18.09.

Hedge funds have recently bought and sold shares of the stock. Albion Financial Group UT purchased a new position in Jumia Technologies in the 2nd quarter worth about $30,000. First Horizon Advisors Inc. increased its stake in Jumia Technologies by 3,715.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,221 shares of the company’s stock worth $37,000 after buying an additional 1,189 shares during the period. FinTrust Capital Advisors LLC increased its stake in Jumia Technologies by 73.7% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,767 shares of the company’s stock worth $33,000 after buying an additional 750 shares during the period. Northern Oak Wealth Management Inc. purchased a new position in Jumia Technologies in the 2nd quarter worth about $61,000. Finally, Spire Wealth Management increased its stake in Jumia Technologies by 432.1% in the 4th quarter. Spire Wealth Management now owns 2,586 shares of the company’s stock worth $29,000 after buying an additional 2,100 shares during the period. 25.04% of the stock is currently owned by institutional investors.

Jumia Technologies Company Profile

Jumia Technologies AG engages in the provision of logistic services. It operates though e-Commerce platform segment. The e-Commerce platform segment consists of marketplace, which connects sellers with consumers to its logistics service, which enables the shipment and delivery of packages from sellers to consumers, and payment service, which facilitates transactions among participants active on platform in selected markets.

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