Luckin Coffee (LKNCY) Expected to Post Quarterly Earnings on Wednesday

Luckin Coffee (OTCMKTS:LKNCY) will likely be announcing its results before the market opens on Wednesday, July 29th. Analysts expect Luckin Coffee to post earnings of $0.64 per share and revenue of $2.2668 billion for the quarter.

Luckin Coffee Trading Down 0.8%

LKNCY opened at $31.80 on Wednesday. The business’s 50 day moving average is $31.44 and its 200-day moving average is $33.22. The stock has a market cap of $9.12 billion, a PE ratio of 19.88 and a beta of -0.33. Luckin Coffee has a twelve month low of $27.22 and a twelve month high of $43.64.

Analysts Set New Price Targets

Several research firms recently commented on LKNCY. The Goldman Sachs Group set a $49.00 target price on Luckin Coffee and gave the company a “buy” rating in a research report on Sunday, June 21st. Jefferies Financial Group began coverage on Luckin Coffee in a research report on Tuesday, June 9th. They set a “buy” rating and a $43.60 price target for the company. Finally, Zacks Research raised Luckin Coffee from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $48.20.

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.