Luckin Coffee (LKNCY) to Release Earnings on Wednesday

Luckin Coffee (OTCMKTS:LKNCY) is projected to release its results before the market opens on Wednesday, October 29th. Analysts expect Luckin Coffee to post earnings of $0.6480 per share and revenue of $1.9385 billion for the quarter.

Luckin Coffee (OTCMKTS:LKNCY) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.57. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.82 billion. Luckin Coffee had a net margin of 9.59% and a return on equity of 36.80%.

Luckin Coffee Price Performance

Shares of Luckin Coffee stock opened at $40.30 on Tuesday. The firm has a market cap of $11.43 billion, a P/E ratio of 22.90 and a beta of -0.41. The firm has a 50 day simple moving average of $38.73 and a 200 day simple moving average of $36.24. Luckin Coffee has a fifty-two week low of $21.03 and a fifty-two week high of $43.64.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LKNCY. Dbs Bank raised shares of Luckin Coffee to a “moderate buy” rating in a report on Thursday, August 14th. Macquarie set a $52.00 price target on shares of Luckin Coffee in a report on Friday, September 5th. Finally, Wall Street Zen lowered shares of Luckin Coffee from a “buy” rating to a “hold” rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $52.00.

Luckin Coffee Company Profile

Luckin Coffee Inc offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers hot and iced freshly brewed coffee, such as Americano, Latte, Cappuccino, Macchiato, Flat White, and Mocha, as well as specialty coffee based on market and seasonal trends; coconut milk latte products; tea drinks; pre-made beverages; and pre-made food items, such as pastries, sandwiches, and snacks.