Luckin Coffee (OTCMKTS:LKNCY) Announces Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.10, Zacks reports. Luckin Coffee had a return on equity of 28.50% and a net margin of 7.23%.Get Luckin Coffee alerts:Luckin Coffee Trading Up 15.3%Can Luckin and Dutch Bros Take Market Share From Starbucks?OTCMKTS LKNCY traded up $4.76 on Wednesday, reaching $35.82. The stock had a trading volume of 5,021,023 shares, compared to its average volume of 1,737,857. Luckin Coffee has a 1 year low of $30.00 and a 1 year high of $43.64. The business has a 50 day moving average price of $33.88 and a 200 day moving average price of $35.45. The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of 22.39 and a beta of -0.37. Wall Street Analysts Forecast GrowthSeparately, Zacks Research upgraded Luckin Coffee from a "strong sell" rating to a "hold" rating in a report on Monday, April 6th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $52.00.Starbucks: 4 Reasons to Buy on Overblown Strike Fears Read Our Latest Stock Report on Luckin CoffeeLuckin Coffee Company Profile (Get Free Report)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. Dutch Bros’ Growth Perks: Can This Coffee Stock Hit New Highs?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.Featured ArticlesFive stocks we like better than Luckin CoffeeThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Luckin Coffee Right Now?Before you consider Luckin Coffee, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Luckin Coffee wasn't on the list.While Luckin Coffee currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here