Luckin Coffee (LKNCY) Expected to Announce Quarterly Earnings on Wednesday

Luckin Coffee (OTCMKTS:LKNCY) is expected to be posting 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 data on Wednesday, July 30th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.57. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Luckin Coffee had a net margin of 9.59% and a return on equity of 36.80%.

Luckin Coffee Trading Up 0.9%

Shares of OTCMKTS LKNCY opened at $40.56 on Wednesday. Luckin Coffee has a 52 week low of $21.03 and a 52 week high of $43.64. The stock has a market cap of $11.51 billion, a price-to-earnings ratio of 23.05 and a beta of -0.41. The company’s 50-day moving average price is $38.62 and its 200 day moving average price is $35.89.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Luckin Coffee from a “buy” rating to a “hold” rating in a research note on Friday, August 8th. Dbs Bank raised shares of Luckin Coffee to a “moderate buy” rating in a research note on Thursday, August 14th. Finally, Macquarie set a $52.00 price target on shares of Luckin Coffee in a research note on Friday, September 5th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price 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.