Luckin Coffee (LKNCY) to Release Quarterly Earnings on Wednesday

Luckin Coffee (OTCMKTS:LKNCY) will likely be announcing its results before the market opens on Wednesday, October 29th. Analysts expect the company to announce earnings of $0.6480 per share and revenue of $1.9385 billion for the quarter.

Luckin Coffee (OTCMKTS:LKNCY) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.57. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.82 billion. Luckin Coffee had a return on equity of 36.80% and a net margin of 9.59%.

Luckin Coffee Trading Up 0.2%

Shares of Luckin Coffee stock opened at $39.80 on Monday. The stock has a 50-day moving average price of $38.68 and a 200 day moving average price of $36.17. The company has a market cap of $11.29 billion, a P/E ratio of 22.61 and a beta of -0.41. Luckin Coffee has a 1 year low of $21.03 and a 1 year high of $43.64.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LKNCY shares. Dbs Bank raised Luckin Coffee to a “moderate buy” rating in a research note on Thursday, August 14th. Wall Street Zen downgraded Luckin Coffee from a “buy” rating to a “hold” rating in a research note on Friday, August 8th. Finally, Macquarie set a $52.00 price objective on 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.com, Luckin Coffee has a consensus rating of “Buy” and an average price target 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.