Luckin Coffee (LKNCY) Expected to Announce Earnings on Thursday

Luckin Coffee (OTCMKTS:LKNCYGet Free Report) is expected to be announcing its results before the market opens on Thursday, February 19th. Analysts expect the company to announce earnings of $0.43 per share for the quarter.

Luckin Coffee (OTCMKTS:LKNCYGet Free Report) last issued its earnings results on Monday, November 17th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $1.94 billion. Luckin Coffee had a return on equity of 33.69% and a net margin of 8.45%.

Luckin Coffee Stock Performance

OTCMKTS LKNCY opened at $37.96 on Thursday. The stock has a market cap of $10.77 billion, a PE ratio of 21.57 and a beta of -0.41. Luckin Coffee has a fifty-two week low of $23.18 and a fifty-two week high of $43.64. The firm’s fifty day moving average price is $34.60 and its two-hundred day moving average price is $37.05.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Luckin Coffee from a “hold” rating to a “strong sell” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Luckin Coffee currently has an average rating of “Hold” and a consensus price target of $52.00.

Get Our Latest Stock Analysis on Luckin Coffee

Luckin Coffee Company Profile

(Get Free Report)

Luckin Coffee Inc is a China-based coffeehouse chain that combines a digitally driven ordering platform with a network of physical outlets. The company’s mobile app and in-store kiosks enable customers to place orders for takeaway or delivery, while its proprietary supply chain supports rapid store expansion and consistent product quality. Luckin’s retail portfolio includes “grab-and-go” pickup points, delivery-only kitchens and full-service cafés designed to meet the varied needs of urban consumers.

Luckin’s menu features a broad range of espresso-based drinks, including lattes, Americanos and cold brews, complemented by tea-based beverages, fruit juices and a selection of light food items such as sandwiches and pastries.

Further Reading

Earnings History for Luckin Coffee (OTCMKTS:LKNCY)

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