Equities research analysts expect that Jumia Technologies AG – (NYSE:JMIA) will post ($0.66) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Jumia Technologies’ earnings. The company is scheduled to announce its next earnings report before the market opens on Wednesday, August 21st.

On average, analysts expect that Jumia Technologies will report full-year earnings of ($2.55) per share for the current year, with EPS estimates ranging from ($3.04) to ($2.11). For the next financial year, analysts expect that the business will post earnings of ($2.33) per share, with EPS estimates ranging from ($2.61) to ($1.79). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Jumia Technologies.

JMIA has been the subject of a number of analyst reports. Stifel Nicolaus set a $28.00 price target on Jumia Technologies and gave the company a “buy” rating in a research report on Wednesday. Royal Bank of Canada upgraded Jumia Technologies from a “sector perform” rating to an “outperform” rating and lowered their price objective for the stock from $40.00 to $30.00 in a research report on Wednesday. They noted that the move was a valuation call. Raymond James reiterated an “outperform” rating and issued a $23.00 price objective (down from $36.00) on shares of Jumia Technologies in a research report on Thursday. Zacks Investment Research lowered Jumia Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. Finally, Citigroup increased their price objective on Jumia Technologies to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $30.00.

Shares of JMIA stock traded down $0.54 during trading hours on Friday, reaching $12.77. The company had a trading volume of 1,395,260 shares, compared to its average volume of 2,133,064. The stock has a fifty day simple moving average of $18.79. Jumia Technologies has a 12-month low of $11.30 and a 12-month high of $49.77.

Institutional investors have recently modified their holdings of the stock. CenterStar Asset Management LLC purchased a new position in Jumia Technologies in the second quarter worth approximately $52,000. Winslow Evans & Crocker Inc. purchased a new position in Jumia Technologies in the second quarter worth approximately $68,000. Steward Partners Investment Advisory LLC purchased a new position in Jumia Technologies in the second quarter worth approximately $151,000. CSat Investment Advisory L.P. purchased a new position in Jumia Technologies in the second quarter worth approximately $175,000. Finally, Royal Bank of Canada purchased a new position in Jumia Technologies in the second quarter worth approximately $370,000. Institutional investors own 15.24% of the company’s stock.

About Jumia Technologies

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.

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