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Is Jumia Technologies (JMIA) Stock Outpacing Its Retail-Wholesale Peers This Year?
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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 - 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 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 average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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 26.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, JMIA has gained about 246.7% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 9.8%. This shows that Jumia Technologies is outperforming its peers so far this year.
Another stock in the Retail-Wholesale sector, TJX (TJX - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 18.6%.
Over the past three months, TJX's consensus EPS estimate for the current year has increased 0.6%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Jumia Technologies belongs to the Internet - Commerce industry, a group that includes 36 individual stocks and currently sits at #61 in the Zacks Industry Rank. On average, this group has gained an average of 14.8% so far this year, meaning that JMIA is performing better in terms of year-to-date returns.
TJX, however, belongs to the Retail - Discount Stores industry. Currently, this 9-stock industry is ranked #58. The industry has moved +15.4% so far this year.
Jumia Technologies and TJX could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.
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Is Jumia Technologies (JMIA) Stock Outpacing Its Retail-Wholesale Peers This Year?
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 - 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 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 average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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 26.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, JMIA has gained about 246.7% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 9.8%. This shows that Jumia Technologies is outperforming its peers so far this year.
Another stock in the Retail-Wholesale sector, TJX (TJX - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 18.6%.
Over the past three months, TJX's consensus EPS estimate for the current year has increased 0.6%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Jumia Technologies belongs to the Internet - Commerce industry, a group that includes 36 individual stocks and currently sits at #61 in the Zacks Industry Rank. On average, this group has gained an average of 14.8% so far this year, meaning that JMIA is performing better in terms of year-to-date returns.
TJX, however, belongs to the Retail - Discount Stores industry. Currently, this 9-stock industry is ranked #58. The industry has moved +15.4% so far this year.
Jumia Technologies and TJX could continue their solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to these stocks.