We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Jumia Technologies (JMIA) Outperforming Other Retail-Wholesale Stocks This Year?
Read MoreHide Full Article
Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has Jumia Technologies (JMIA - Free Report) 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 one of 219 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Jumia Technologies is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for JMIA's full-year earnings has moved 7.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that JMIA has returned about 11.2% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 10%. As we can see, Jumia Technologies is performing better than its sector in the calendar year.
MercadoLibre (MELI - Free Report) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 42.8%.
In MercadoLibre's case, the consensus EPS estimate for the current year increased 4.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Jumia Technologies belongs to the Internet - Commerce industry, a group that includes 40 individual stocks and currently sits at #69 in the Zacks Industry Rank. On average, stocks in this group have gained 25.4% this year, meaning that JMIA is slightly underperforming its industry in terms of year-to-date returns. MercadoLibre is also part of the same industry.
Jumia Technologies and MercadoLibre could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Jumia Technologies (JMIA) Outperforming Other Retail-Wholesale Stocks This Year?
Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has Jumia Technologies (JMIA - Free Report) 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 one of 219 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Jumia Technologies is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for JMIA's full-year earnings has moved 7.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that JMIA has returned about 11.2% since the start of the calendar year. At the same time, Retail-Wholesale stocks have gained an average of 10%. As we can see, Jumia Technologies is performing better than its sector in the calendar year.
MercadoLibre (MELI - Free Report) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 42.8%.
In MercadoLibre's case, the consensus EPS estimate for the current year increased 4.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Jumia Technologies belongs to the Internet - Commerce industry, a group that includes 40 individual stocks and currently sits at #69 in the Zacks Industry Rank. On average, stocks in this group have gained 25.4% this year, meaning that JMIA is slightly underperforming its industry in terms of year-to-date returns. MercadoLibre is also part of the same industry.
Jumia Technologies and MercadoLibre could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.