Jumia Technologies AG – (NYSE:JMIA) Expected to Announce Quarterly Sales of $39.19 Million

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Brokerages expect Jumia Technologies AG – (NYSE:JMIA) to report $39.19 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Jumia Technologies’ earnings, with the lowest sales estimate coming in at $36.18 million and the highest estimate coming in at $44.88 million. The business is expected to report its next earnings report before the market opens on Thursday, May 16th.

On average, analysts expect that Jumia Technologies will report full-year sales of $215.10 million for the current year, with estimates ranging from $184.03 million to $244.94 million. For the next fiscal year, analysts forecast that the firm will report sales of $361.00 million, with estimates ranging from $299.48 million to $410.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Jumia Technologies.

A number of research analysts recently commented on JMIA shares. Royal Bank of Canada started coverage on shares of Jumia Technologies in a research note on Monday, May 6th. They issued a “sector perform” rating and a $40.00 price target on the stock. Citigroup assumed coverage on shares of Jumia Technologies in a report on Monday, May 6th. They issued a “neutral” rating for the company. Stifel Nicolaus raised shares of Jumia Technologies from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Berenberg Bank assumed coverage on shares of Jumia Technologies in a report on Tuesday, May 7th. They issued a “hold” rating for the company. Finally, Raymond James assumed coverage on shares of Jumia Technologies in a report on Tuesday, May 7th. They issued a “market perform” rating and a $37.72 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $37.33.

JMIA traded up $0.12 on Tuesday, reaching $25.65. The company had a trading volume of 399,900 shares, compared to its average volume of 3,114,168. Jumia Technologies has a fifty-two week low of $18.13 and a fifty-two week high of $49.77. The firm’s fifty day simple moving average is $24.63.

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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