$49.81 Million in Sales Expected for Jumia Technologies AG (NYSE:JMIA) This Quarter

Wall Street brokerages expect that Jumia Technologies AG (NYSE:JMIA – Get Rating) will report sales of $49.81 million for the current quarter, Zacks reports. Three analysts have made estimates for Jumia Technologies’ earnings, with the highest sales estimate coming in at $52.44 million and the lowest estimate coming in at $46.50 million. Jumia Technologies reported sales of $32.99 million in the same quarter last year, which would suggest a positive year over year growth rate of 51%. The company is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Jumia Technologies will report full year sales of $247.06 million for the current year, with estimates ranging from $231.60 million to $264.97 million. For the next financial year, analysts forecast that the company will report sales of $312.75 million, with estimates ranging from $280.60 million to $329.86 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Jumia Technologies.

Separately, Zacks Investment Research lowered Jumia Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday.

Institutional investors have recently made changes to their positions in the company. CWM LLC boosted its holdings in Jumia Technologies by 27.8% in the first quarter. CWM LLC now owns 40,492 shares of the company’s stock valued at $388,000 after purchasing an additional 8,808 shares in the last quarter. 360 Financial Inc. acquired a new position in Jumia Technologies during the first quarter worth $118,000. Key Client Fiduciary Advisors LLC acquired a new stake in Jumia Technologies in the fourth quarter valued at $136,000. C2C Wealth Management LLC acquired a new stake in Jumia Technologies in the fourth quarter valued at $116,000. Finally, BlackRock Inc. grew its holdings in Jumia Technologies by 36.7% in the fourth quarter. BlackRock Inc. now owns 30,242 shares of the company’s stock valued at $345,000 after purchasing an additional 8,117 shares during the last quarter. 35.51% of the stock is owned by institutional investors and hedge funds.

Shares of Jumia Technologies stock opened at $7.51 on Friday. Jumia Technologies has a one year low of $6.41 and a one year high of $33.87. The company has a current ratio of 3.58, a quick ratio of 3.51 and a debt-to-equity ratio of 0.02. The company has a 50-day simple moving average of $8.71 and a two-hundred day simple moving average of $11.82.

About Jumia Technologies (Get Rating)

Jumia Technologies AG operates an e-commerce platform in Africa, Portugal, Germany, and the United Arab Emirates. The company's platform consists of marketplace that 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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