Luckin Coffee (LKNCY) Projected to Post Quarterly Earnings on Wednesday

Luckin Coffee (OTCMKTS:LKNCY) is anticipated to issue its results before the market opens on Wednesday, April 29th. Analysts expect the company to announce earnings of $0.1381 per share and revenue of $1.6717 billion for the quarter.

Luckin Coffee Price Performance

OTCMKTS:LKNCY opened at $32.09 on Friday. The business has a fifty day simple moving average of $34.23 and a two-hundred day simple moving average of $35.75. Luckin Coffee has a 1 year low of $24.85 and a 1 year high of $43.64. The company has a market capitalization of $9.20 billion, a P/E ratio of 20.06 and a beta of -0.37.

Analyst Ratings Changes

Separately, Zacks Research raised Luckin Coffee from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Luckin Coffee currently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

About Luckin Coffee

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.