Jumia Technologies AG (NYSE:JMIA) Expected to Post Quarterly Sales of $49.81 Million

Wall Street brokerages forecast that Jumia Technologies AG (NYSE:JMIAGet Rating) will post $49.81 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Jumia Technologies’ earnings, with estimates ranging from $46.50 million to $52.44 million. Jumia Technologies reported sales of $32.99 million during the same quarter last year, which indicates a positive year-over-year growth rate of 51%. The company is expected to issue its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Jumia Technologies will report full-year sales of $247.06 million for the current financial year, with estimates ranging from $231.60 million to $264.97 million. For the next year, analysts expect that the firm will report sales of $312.75 million, with estimates ranging from $280.60 million to $329.86 million. Zacks’ sales averages are an average based on a survey of research firms that follow Jumia Technologies.

Separately, Zacks Investment Research raised shares of Jumia Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th.

Institutional investors and hedge funds have recently bought and sold shares of the business. FinTrust Capital Advisors LLC grew its holdings in Jumia Technologies by 73.7% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,767 shares of the company’s stock valued at $33,000 after buying an additional 750 shares during the period. Spire Wealth Management grew its holdings in Jumia Technologies by 432.1% in the 4th quarter. Spire Wealth Management now owns 2,586 shares of the company’s stock valued at $29,000 after buying an additional 2,100 shares during the period. Exchange Traded Concepts LLC grew its holdings in Jumia Technologies by 1,979.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 2,869 shares of the company’s stock valued at $33,000 after buying an additional 2,731 shares during the period. Fairfield Bush & CO. purchased a new stake in Jumia Technologies in the 1st quarter valued at about $66,000. Finally, Sterling Investment Advisors Ltd. grew its holdings in Jumia Technologies by 15,950.0% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 8,025 shares of the company’s stock valued at $91,000 after buying an additional 7,975 shares during the period. Institutional investors own 37.98% of the company’s stock.

Shares of JMIA stock opened at $4.78 on Thursday. The firm has a 50-day moving average price of $8.23 and a 200 day moving average price of $10.67. Jumia Technologies has a twelve month low of $4.72 and a twelve month high of $33.87. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.58 and a quick ratio of 3.51.

Jumia Technologies Company Profile (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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