Morsa Images Jumia Technologies Overview My initial bearish thesis about Jumia Technologies AG (NYSE:JMIA) did not age well as the stock rallied by almost 82% over the last 12 months even despite today's massive around 50% intraday plunge after weak earnings release. The massive rally in 2024 is explained by robust Q1 2024 earnings, but it appears that today's earnings release notably cooled investors' optimism. The Q2 performance was indeed weak with negative dynamics across most of the vital business and ...

Jumia Technologies (NYSE:JMIA) stock is taking a beating on Tuesday after the African e-commerce company posted earnings results from its second quarter of 2024. That Jumia Technologies earnings report starts off badly with its revenue of $36.5 million. That's below Wall Street's estimate of $41.7 million for the quarter. This is down 17.2% year-over-year from $44 million. Jumia Technologies notes that this comes from its marketplace revenue dropping 10% from Q2 2023 to $20 million. It also saw First-Party ...

Jumia Technologies AG (NYSE:JMIA) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Francis Dufay - CEO Antoine Maillet-Mezeray - EVP, Finance & Operations Conference Call Participants Fawne Jiang - Benchmark Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Jumia's Results Conference Call for the Second Quarter of 2024. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a question-and-an ...

Company Presentation Q2 2024 Results Presentation August 6, 2024 Disclaimer IMPORTANT NOTICE This presentation includes forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding our future results of operations and financial position, industry dynamics, business strategy and plans and our objectives for future operations, are forward-looking statements. These statements represent our opinions, expectations, beliefs, in ...

Jumia Technologies (JMIA) ended the recent trading session at $12.16, demonstrating a -0.57% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.5% for the day. Elsewhere, the Dow saw an upswing of 0.5%, while the tech-heavy Nasdaq depreciated by 1.28%. For the full year, the Zacks Consensus Estimates project earnings of -$0.25 per share and a revenue of $208.18 million, demonstrating changes of +74.49% and +4.57%, respectively, from the preceding ...

The upcoming earnings release of Jumia Technologies will be of great interest to investors. The company's earnings report is expected on August 6, 2024. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average ...

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Jumia Technologies (JMIA) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. Jumia Technologies is a member of our Retail-Wholesale group, which includes 210 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the ave ...

Investors will be eagerly watching for the performance of Jumia Technologies in its upcoming earnings disclosure. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Jumia Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts a ...

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Jumia Technologies cu ...

Jumia Technologies NYSE: JMIA stock is jumping, and the move is the start of a much larger rally that could last for decades. Today, Jumia is a small, African-based eCommerce portal. Over time, it will grow into a giant. African economies are projected to grow at a globeleading average of 3.7% this year, accelerate to over 4.% next year, and sustain acceleration for the foreseeable future. Most nations are forecasted to grow faster than 5% this year and accelerate next, compounded by a rapidly growing middl ...