Analysts predict that Jumia Technologies AG (NYSE:JMIA – Get Rating) will post earnings of ($0.76) per share for the current quarter, according to Zacks. Three analysts have made estimates for Jumia Technologies’ earnings. The company is expected to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Jumia Technologies will report full-year earnings of ($2.86) per share for the current year, with EPS estimates ranging from ($2.94) to ($2.78). For the next financial year, analysts expect that the company will post earnings of ($2.48) per share, with EPS estimates ranging from ($2.81) to ($2.14). Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Jumia Technologies.
A number of research firms have weighed in on JMIA. Zacks Investment Research upgraded Jumia Technologies from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a report on Friday. Stifel Nicolaus lowered their target price on Jumia Technologies from $11.00 to $9.00 in a report on Wednesday, May 18th.
Several institutional investors and hedge funds have recently modified their holdings of JMIA. Renaissance Technologies LLC lifted its holdings in shares of Jumia Technologies by 1,227.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,210,269 shares of the company’s stock valued at $13,797,000 after purchasing an additional 1,119,069 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Jumia Technologies by 455.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 614,712 shares of the company’s stock valued at $5,889,000 after purchasing an additional 504,038 shares during the last quarter. Credit Suisse AG lifted its holdings in shares of Jumia Technologies by 308.9% during the 4th quarter. Credit Suisse AG now owns 593,503 shares of the company’s stock valued at $6,766,000 after purchasing an additional 448,347 shares during the last quarter. Baillie Gifford & Co. raised its stake in Jumia Technologies by 4.6% in the 4th quarter. Baillie Gifford & Co. now owns 9,922,606 shares of the company’s stock worth $113,117,000 after acquiring an additional 433,704 shares during the last quarter. Finally, Morgan Stanley raised its stake in Jumia Technologies by 21.5% in the 3rd quarter. Morgan Stanley now owns 1,926,779 shares of the company’s stock worth $35,819,000 after acquiring an additional 340,410 shares during the last quarter. Hedge funds and other institutional investors own 37.98% of the company’s stock.
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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