Luckin Coffee (LKNCY) Projected to Post Earnings on Tuesday

Luckin Coffee (OTCMKTS:LKNCY) is expected to post its results before the market opens on Tuesday, November 3rd. Analysts expect the company to announce earnings of $0.8260 per share and revenue of $2.72 billion for the quarter.

Luckin Coffee Stock Down 1.9%

OTCMKTS:LKNCY opened at $30.92 on Friday. Luckin Coffee has a twelve month low of $27.22 and a twelve month high of $40.80. The stock’s 50-day simple moving average is $33.78 and its 200 day simple moving average is $33.49. The firm has a market capitalization of $8.87 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 0.44 and a beta of -0.34.

Analyst Ratings Changes

A number of research analysts have recently commented on LKNCY shares. Zacks Research cut shares of Luckin Coffee from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. BNP Paribas Exane raised shares of Luckin Coffee to an “outperform” rating and set a $48.00 price target on the stock in a report on Tuesday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $46.87.

Luckin Coffee Company Profile

Luckin Coffee Inc is a China-based coffeehouse operator that sells freshly prepared coffee, tea-based beverages, fruit drinks and light food. Its menu includes espresso-based drinks, cold beverages, snacks and seasonal products, with orders placed primarily through its mobile application and fulfilled through company-operated locations and delivery or pickup services.

Founded in 2017, Luckin Coffee built its business around a technology-focused, convenience-oriented model that emphasizes mobile ordering, digitally managed stores and delivery.