Jumia Technologies (JMIA) Beats Market Returns: Some Facts to Consider

Jumia Technologies (JMIA) closed the most recent trading session at $13.20, up 0.99% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.28%. Elsewhere, the Dow Jones gained 0.53%, while the tech-heavy Nasdaq added 0.4%.

The company’s shares posted a 40.69% gain over the previous month, outperforming the Retail-Wholesale sector’s gain of 1.3% and the S&P 500’s gain of 3.78%.

Investors will be keenly watching Jumia Technologies’ performance when it next releases its results.

For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.25 per share and revenue of $208.18 million, which would represent changes of +74.49% and +4.57%, respectively, from the prior year.

Additionally, investors should keep an eye on recent revisions to analyst forecasts for Jumia Technologies. These recent changes usually signify changes in short-term business trends. Therefore, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to take advantage of this phenomenon. Our system takes these estimate changes into account and provides a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 ranked stocks generating an average annual return of +25% since 1988. Over the past 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Jumia Technologies holds a Zacks Rank of #2 (Buy).

The Internet – Commerce sector is part of the Retail – Wholesale Trade sector. Currently, this sector is ranked #51 in the Zacks Rank, which puts it in the top 21% of all 250+ sectors.

The Zacks Industry Rank gauges the strength of our 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 count on Zacks.com to monitor all of these stock-impacting metrics, and more, in the coming trading sessions.

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