Luckin Coffee (LKNCY) Projected to Post Earnings on Thursday

Luckin Coffee (OTCMKTS:LKNCY) will likely be posting its results before the market opens on Thursday, February 19th. Analysts expect Luckin Coffee to post earnings of $0.43 per share for the quarter.

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

Luckin Coffee Trading Up 1.1%

OTCMKTS LKNCY opened at $36.45 on Tuesday. Luckin Coffee has a 1-year low of $23.18 and a 1-year high of $43.64. The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of 20.71 and a beta of -0.41. The stock’s 50 day moving average is $34.60 and its two-hundred day moving average is $37.00.

Analysts Set New Price Targets

Separately, Zacks Research lowered Luckin Coffee from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.