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Is Jumia Technologies (JMIA) Outperforming Other Retail-Wholesale Stocks This Year?
ZACKS· 2024-06-20 14:45
Company Overview - Jumia Technologies is part of the Retail-Wholesale group, ranked 13 in the Zacks Sector Rank, which includes 213 companies [1] - Jumia Technologies has a Zacks Rank of 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [6] Earnings Performance - Over the past three months, the Zacks Consensus Estimate for Jumia's full-year earnings has increased by 26.5%, reflecting improved analyst sentiment and a stronger earnings outlook [2] - Year-to-date, Jumia Technologies has gained approximately 122.4%, significantly outperforming the average gain of 12% for Retail-Wholesale stocks [9] Industry Comparison - Jumia Technologies is categorized under the Internet - Commerce industry, which consists of 37 companies and currently ranks 80 in the Zacks Industry Rank [10] - The Internet - Commerce industry has seen an average gain of 16% this year, indicating that Jumia is performing better than its industry peers [10] Competitor Analysis - Sprouts Farmers, another stock in the Retail-Wholesale sector, has seen a 61.6% return since the beginning of the year and has a Zacks Rank of 1 (Strong Buy) [3][7] - The Food - Natural Foods Products industry, to which Sprouts Farmers belongs, is ranked 14 and has increased by 16.3% this year [8]
Kenya Ecommerce Market Databook 2024-2028, Featuring Avechi, Jiji, Jumia, Kilimall, MyDawa, Bolt Food, Jumia Food, LetaFood, Yum Deliveries, Hava Net, Little Cab, Maramoja and Transport Wasili
GlobeNewswire News Room· 2024-06-07 07:41
Core Insights - The Kenya Ecommerce market is projected to grow by 12.86% annually, reaching US$2.6 billion in 2024, with a compound annual growth rate (CAGR) of 9.97% from 2024 to 2028, increasing from US$2.3 billion in 2023 to US$3.8 billion by 2028 [13][14]. Market Size and Forecast - The report provides a detailed analysis of the Kenya Ecommerce market size and forecasts across various segments, including retail shopping, travel and hospitality, online food service, media and entertainment, healthcare and wellness, and technology products and services [14][15]. - Gross Merchandise Value (GMV) trend analysis is included, highlighting the growth trajectory of the ecommerce sector in Kenya [10][13]. Consumer Demographics - Insights into consumer demographics are provided, including spending patterns by age, gender, and income level, which are essential for understanding market dynamics [8][14]. - The report covers user statistics, including card abandonment rates and product return rates, which are critical for assessing consumer behavior [4][10]. Market Share Analysis - The report details market share by key players across various ecommerce verticals, such as retail shopping (e.g., Amazon, Jumia), travel (e.g., Expedia), and food service (e.g., Deliveroo) [4][14]. - It also analyzes market share by sales channels, including platform to consumer, direct to consumer, and consumer to consumer [14][15]. Payment Instruments - The report examines the ecommerce market size and forecast by payment instruments, including credit cards, debit cards, bank transfers, prepaid cards, digital wallets, and cash [3][14]. - This analysis provides insights into consumer preferences and trends in payment methods within the ecommerce landscape [14]. Engagement Models - The report includes niche trends such as market size by live streaming engagement models and cross-border purchases, which are becoming increasingly relevant in the ecommerce space [15]. - It also covers ecommerce spend share by operating systems and devices, providing a comprehensive view of consumer engagement [15].
Has Jumia Technologies (JMIA) Outpaced Other Retail-Wholesale Stocks This Year?
ZACKS· 2024-06-04 14:45
For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Jumia Technologies (JMIA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 213 different companies and currently sits at #1 ...
3 Cheap E-Commerce Stocks to Buy Now: May 2024
InvestorPlace· 2024-05-15 12:04
Cheap E-Commerce Stocks: Pinterest (PINS) Source: Nopparat Khokthong / Shutterstock.com Social media giant Pinterest (NYSE:PINS) is arguably one of the most compelling comeback stories in its niche. After a rocky couple of years, the platform's now back posting solid user growth and top-line expansion. Moreover, we're seeing healthy margin improvements, which could potentially lead to a meaningful increase in free cash flows in the upcoming quarters. Additionally, despite an excellent run-up in PINS stock, ...
CEO Insights: Jumia Technologies' Strategy For Efficient Growth Continues To Deliver
Seeking Alpha· 2024-05-12 06:38
Hello World/DigitalVision via Getty Images Introduction Jumia Technologies AG (NYSE:JMIA) has experienced quite the roller coaster since I last interviewed CEO Francis Dufay about the company’s earnings. Over this short time, the stock nearly doubled, gave up all those gains and then some, and then rallied again into the latest earnings report. After an initial 17.9% post-earnings boost, JMIA is stretching toward its previous post-earnings high. JMIA has experienced wild volatility separate from its bus ...
As the Jumia stock price soars, beware of this crucial risk
Invezz· 2024-05-09 15:26
Jumia Technologies (NYSE: JMIA) stock price has bounced back in the past few months as investors cheered the company’s turnaround. It has soared by over 178% from its lowest level in 2023 and is up by over 75% this year alone.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Turnaround is going on but risks remainCopy link to sectionJumia Technologies, commonly compared to Africa’s Amazon, is going through a turnaround after going through major challeng ...
Jumia is back, growing total sales and orders in Q1 2024
TechCrunch· 2024-05-07 17:27
Jumia’s revenue and gross merchandise volume showed growth despite a decrease in quarterly active customers, according to its Q1 2024 report. Revenue increased by 19% year-over-year (57% in constant currency) to $48.9 million, while GMV surged by 5% year-over-year (39% in constant currency) to $181 million.The quarterly active customers of the African e-tailer, on the other hand, declined by almost 5% from 2 million to 1.9 million due to cost-cutting measures such as reduced customer incentives and free shi ...
Jumia(JMIA) - 2024 Q1 - Earnings Call Transcript
2024-05-07 14:25
Financial Data and Key Metrics Changes - Jumia's GMV improved to $181.5 million, up 5% year-over-year or 39% on a constant currency basis [9] - Total revenue was $48.9 million, up 19% year-over-year or 57% on a constant currency basis [35] - Gross profit was $31.2 million, up 25% year-over-year or 67% on a constant currency basis, with a gross profit margin of 17.2% compared to 14.4% in Q1 2023 [61] - Adjusted EBITDA loss declined to $4.3 million or $1.4 million on a constant currency basis [50][68] - Loss before income tax increased to $39.6 million from $29.2 million a year ago, largely due to foreign exchange losses [10][52] Business Line Data and Key Metrics Changes - Marketplace revenue was $25.9 million, up 11% year-over-year or 48% on a constant currency basis [35] - Revenue from first-party sales was $22.4 million, up 29% year-over-year or 69% on a constant currency basis [36] - Fulfillment expenses as a percentage of GMV improved from 6.8% in Q1 2023 to 5.2% in Q1 2024 [4] - Sales and advertising expense was $3.7 million, down 30% year-over-year [5] Market Data and Key Metrics Changes - The Nigerian Naira devaluated to NGN1396 from NGN461 to US$1, a roughly 200% year-over-year devaluation [11] - The Egyptian Pound devaluated from EGP47 to EGP31 to US$1, approximately a 50% year-over-year devaluation [24] - In Kenya, the Shilling gained almost 19% in the first quarter [13] Company Strategy and Development Direction - Jumia's growth strategy focuses on three key pillars: strengthening the core business, improving cash efficiency, and building strong operating fundamentals [25] - The company is simplifying its operating model and reducing headcount to create a more efficient organization [37] - Jumia is expanding its logistics capabilities to reach underserved markets, with 51% of orders now coming from outside capital cities [21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about Jumia's future, citing a strong start to the year and the effectiveness of their strategy [3][43] - The company is acquiring higher quality customers while reducing marketing spend, indicating a more sustainable growth model [44] - Management is hopeful for macro improvements in Nigeria and other markets, despite current challenges [13] Other Important Information - Jumia has reduced overall headcount by 43% since the end of 2022, contributing to a 31% year-over-year decline in G&A expenses [37] - The liquidity position was $101.5 million, with 79% held in US Dollars to limit exposure to local currency fluctuations [38][57] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded without any inquiries [47][48]
Are Retail-Wholesale Stocks Lagging Jumia Technologies (JMIA) This Year?
Zacks Investment Research· 2024-04-15 14:46
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Jumia Technologies (JMIA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 215 different companies and currently sits at #10 ...
Jumia(JMIA) - 2023 Q4 - Annual Report
2024-03-28 20:11
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________________________________________ FORM 20-F o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPAN ...