Luckin Coffee (OTCMKTS:LKNCY) Announces Earnings Results, Misses Estimates By $0.17 EPS

Luckin Coffee (OTCMKTS:LKNCY) announced its quarterly earnings data on Thursday. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.17), Zacks reports. Luckin Coffee had a net margin of 8.45% and a return on equity of 33.69%.

Luckin Coffee Trading Down 4.7%

LKNCY traded down $1.78 during trading on Thursday, hitting $35.77. 2,350,735 shares of the company’s stock were exchanged, compared to its average volume of 1,892,799. Luckin Coffee has a 1 year low of $24.85 and a 1 year high of $43.64. The stock has a 50 day moving average price of $34.97 and a 200 day moving average price of $37.02. The firm has a market cap of $10.15 billion, a P/E ratio of 20.32 and a beta of -0.41.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Luckin Coffee from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.