Luckin Coffee (LKNCY) Expected to Announce 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 analysts’ consensus estimates of $0.65 by ($0.01). The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Luckin Coffee had a net margin of 8.45% and a return on equity of 33.69%.

Luckin Coffee Trading Up 2.3%

LKNCY opened at $37.96 on Thursday. The firm has a market cap of $10.77 billion, a price-to-earnings ratio of 21.57 and a beta of -0.41. The company has a fifty day simple moving average of $34.60 and a 200 day simple moving average of $37.05. Luckin Coffee has a twelve month low of $23.18 and a twelve month high of $43.64.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Luckin Coffee from a “hold” rating to a “strong sell” rating in a research report on Monday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Luckin Coffee currently has an average rating of “Hold” and an average price target of $52.00.

Luckin Coffee Company Profile

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.