Analysts Expect Jumia Technologies AG – (NYSE:JMIA) to Post -$0.74 EPS

Equities analysts expect Jumia Technologies AG – (NYSE:JMIA) to report earnings of ($0.74) per share for the current quarter, according to Zacks. Three analysts have provided estimates for Jumia Technologies’ earnings, with the highest EPS estimate coming in at ($0.69) and the lowest estimate coming in at ($0.79). The company is expected to announce its next quarterly earnings results before the market opens on Tuesday, February 25th.

According to Zacks, analysts expect that Jumia Technologies will report full year earnings of ($2.62) per share for the current fiscal year, with EPS estimates ranging from ($3.02) to ($2.40). For the next fiscal year, analysts anticipate that the company will report earnings of ($2.38) per share, with EPS estimates ranging from ($2.81) to ($1.88). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Jumia Technologies.

JMIA has been the subject of several recent analyst reports. Renaissance Capital initiated coverage on Jumia Technologies in a report on Thursday, December 5th. They issued a “sell” rating and a $3.50 price target for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $8.00 price objective (down from $10.00) on shares of Jumia Technologies in a research note on Tuesday. Raymond James cut Jumia Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and set a $13.00 target price on shares of Jumia Technologies in a report on Wednesday. Finally, Zacks Investment Research cut Jumia Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $17.31.

JMIA traded up $0.08 during midday trading on Friday, hitting $4.07. The company’s stock had a trading volume of 5,633,800 shares, compared to its average volume of 3,650,037. The company has a current ratio of 3.23, a quick ratio of 3.13 and a debt-to-equity ratio of 0.03. The firm has a market cap of $421.63 million and a P/E ratio of -1.01. The firm has a 50-day moving average price of $6.23 and a two-hundred day moving average price of $7.54. Jumia Technologies has a 52-week low of $3.98 and a 52-week high of $49.77.

Several large investors have recently modified their holdings of JMIA. Bank of America Corp DE purchased a new stake in shares of Jumia Technologies during the 2nd quarter worth about $1,369,000. Royal Bank of Canada purchased a new stake in shares of Jumia Technologies during the 2nd quarter worth about $370,000. Harbour Capital Advisors LLC grew its holdings in shares of Jumia Technologies by 63.8% during the 3rd quarter. Harbour Capital Advisors LLC now owns 24,805 shares of the company’s stock worth $197,000 after purchasing an additional 9,665 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Jumia Technologies during the 3rd quarter worth about $160,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Jumia Technologies during the 3rd quarter worth about $89,000. Institutional investors and hedge funds own 23.60% of the company’s stock.

Jumia Technologies Company Profile

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.

See Also: Overbought

Get a free copy of the Zacks research report on Jumia Technologies (JMIA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Jumia Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jumia Technologies and related companies with MarketBeat.com's FREE daily email newsletter.