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Is Jumia Technologies (JMIA) Outperforming Other Retail-Wholesale Stocks This Year?
JumiaJumia(US:JMIA) ZACKSยท2024-06-20 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]