Luckin Coffee Inc. Forecasted to Earn Q2 2019 Earnings of ($0.43) Per Share (NYSE:LK)

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Luckin Coffee Inc. (NYSE:LK) – Research analysts at KeyCorp issued their Q2 2019 EPS estimates for Luckin Coffee in a research report issued on Tuesday, June 11th. KeyCorp analyst E. Gonzalez expects that the company will earn ($0.43) per share for the quarter. KeyCorp has a “Overweight” rating and a $22.00 price objective on the stock. KeyCorp also issued estimates for Luckin Coffee’s Q3 2019 earnings at ($0.36) EPS, Q4 2019 earnings at ($0.28) EPS, FY2019 earnings at ($1.39) EPS, Q1 2020 earnings at ($0.18) EPS, Q2 2020 earnings at ($0.11) EPS, Q3 2020 earnings at ($0.02) EPS, Q4 2020 earnings at ($0.02) EPS, FY2020 earnings at ($0.33) EPS, Q1 2021 earnings at $0.15 EPS and FY2021 earnings at $1.71 EPS.

Several other research analysts have also issued reports on LK. Zephirin Group assumed coverage on shares of Luckin Coffee in a research report on Friday, May 17th. They issued a “buy” rating and a $32.00 price target for the company. Morgan Stanley initiated coverage on shares of Luckin Coffee in a report on Tuesday. They set an “equal weight” rating and a $21.00 price objective for the company. CICC Research began coverage on shares of Luckin Coffee in a research note on Wednesday. They set a “buy” rating on the stock. Credit Suisse Group began coverage on shares of Luckin Coffee in a research note on Tuesday. They issued an “outperform” rating and a $24.00 price objective on the stock. Finally, Needham & Company LLC assumed coverage on shares of Luckin Coffee in a research note on Tuesday. They issued a “buy” rating and a $27.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $25.20.

LK stock opened at $18.19 on Thursday. Luckin Coffee has a 52-week low of $13.71 and a 52-week high of $25.96.

Luckin Coffee Company Profile

Luckin Coffee Inc engages in the retail sale of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers freshly brewed drinks, including freshly brewed coffee and non-coffee drinks; and food and beverage items, such as light meals. The company operates pick-up stores, relax stores, and delivery kitchens under the Luckin brand, as well as Luckin mobile app, Weixin mini-program, and other third-party platforms that cover the customer purchase process.

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Earnings History and Estimates for Luckin Coffee (NYSE:LK)

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