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Jumia to Announce Second Quarter 2020 Results on August 12, 2020
Investors now seem to be turning to the African growth stock, as it does offer considerable upside potential.
Often called "the Amazon of Africa,"
pandemic could be just what Jumia needs to unlock its growth potential and set the company on a path to profitability.
Investors on Twitter were looking forward to Jumia's August earnings report, bullish that a better-than-expected round of results could unleash further gains in the stock. Several analysts also raised their price target on Amazon today ahead of its earnings report next week, which may have caused investors to look more closely at Jumia.
With China rebounding from its coronavirus lockdown in the second quarter, investors are more optimistic about Jumia's prospects, but analysts still expect revenue to fall about 21%
Investors now seem to be turning to the African growth stock, as it does offer considerable upside potential.
Often called "the Amazon of Africa,"
pandemic could be just what Jumia needs to unlock its growth potential and set the company on a path to profitability.
Investors on Twitter were looking forward to Jumia's August earnings report, bullish that a better-than-expected round of results could unleash further gains in the stock. Several analysts also raised their price target on Amazon today ahead of its earnings report next week, which may have caused investors to look more closely at Jumia.
With China rebounding from its coronavirus lockdown in the second quarter, investors are more optimistic about Jumia's prospects, but analysts still expect revenue to fall about 21%
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Investors seem to be betting that when the company reports second-quarter earnings next week, it will have experienced the kind of growth other international e-commerce companies have reported.
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