The latest buying and selling session ended with Jumia Applied sciences (JMIA) standing at $4.57, reflecting a -0.65% shift from the previouse buying and selling day’s closing. The inventory’s change was lower than the S&P 500’s day by day achieve of 0.41%. On the identical time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 0.8%.
Coming into at the moment, shares of the corporate had misplaced 17.27% prior to now month. In that very same time, the Retail-Wholesale sector misplaced 1.22%, whereas the S&P 500 misplaced 0.97%.
Analysts and buyers alike shall be holding a detailed eye on the efficiency of Jumia Applied sciences in its upcoming earnings disclosure. The corporate’s earnings report is about to go public on November 7, 2024.
JMIA’s full-year Zacks Consensus Estimates are calling for earnings of -$0.25 per share and income of $208.18 million. These outcomes would characterize year-over-year modifications of +74.49% and +4.57%, respectively.
It’s also necessary to notice the latest modifications to analyst estimates for Jumia Applied sciences. These newest changes typically mirror the shifting dynamics of short-term enterprise patterns. Consequently, upward revisions in estimates specific analysts’ positivity in the direction of the corporate’s enterprise operations and its capability to generate income.
Our analysis exhibits that these estimate modifications are immediately correlated with near-term inventory costs. To use this, we have shaped the Zacks Rank, a quantitative mannequin that features these estimate modifications and presents a viable score system.
The Zacks Rank system, operating from #1 (Robust Purchase) to #5 (Robust Promote), holds an admirable monitor file of superior efficiency, independently audited, with #1 shares contributing a median annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate has remained regular. As of now, Jumia Applied sciences holds a Zacks Rank of #3 (Maintain).
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