Luckin Coffee (LKNCY) Projected to Announce Quarterly Earnings on Tuesday

Key Points

• Luckin Coffee is expected to report quarterly earnings before the market opens Tuesday, November 3. Analysts project earnings of $0.826 per share and revenue of $2.72 billion.
• LKNCY opened at $31.51, with a market capitalization of approximately $9.04 billion and a one-year trading range of $27.22 to $40.80.
• Analyst sentiment remains generally positive, with a consensus “Buy” rating and an average price target of $46.87, despite Zacks Research downgrading the stock to “Hold.”

Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) is projected to post its results before the market opens on Tuesday, November 3rd. Analysts expect the company to post earnings of $0.8260 per share and revenue of $2.72 billion for the quarter.

Luckin Coffee Stock Performance

LKNCY opened at $31.51 on Friday. The business's 50-day simple moving average is $33.88 and its 200-day simple moving average is $33.50. Luckin Coffee has a one year low of $27.22 and a one year high of $40.80. The stock has a market capitalization of $9.04 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 0.46 and a beta of -0.34.

Analyst Upgrades and Downgrades

LKNCY has been the subject of a number of research analyst reports. BNP Paribas Exane raised Luckin Coffee to an "outperform" rating and set a $48.00 target price for the company in a research report on Tuesday, September 15th. Zacks Research lowered Luckin Coffee from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $46.87.

Luckin Coffee Company Profile

Luckin Coffee Inc is a China-based coffeehouse operator that sells freshly prepared coffee, tea-based beverages, fruit drinks and light food. Its menu includes espresso-based drinks, cold beverages, snacks and seasonal products, with orders placed primarily through its mobile application and fulfilled through company-operated locations and delivery or pickup services.

Founded in 2017, Luckin Coffee built its business around a technology-focused, convenience-oriented model that emphasizes mobile ordering, digitally managed stores and delivery.

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