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Luckin Coffee (LKNCY) Soars 5.7%: Is Further Upside Left in the Stock?
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Luckin Coffee Inc. Sponsored ADR (LKNCY - Free Report) shares ended the last trading session 5.7% higher at $36.87. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.7% gain over the past four weeks.
Luckin Coffee continues to strengthen its leadership in China’s rapidly expanding coffee market, supported by a powerful, tech-enabled brand, an unmatched store network, and a compelling value proposition centered on quality, convenience, and affordability. The company’s scale-driven strategy, accelerating same-store momentum, and ongoing product innovation are reinforcing customer engagement.
This company is expected to post quarterly earnings of $0.43 per share in its upcoming report, which represents a year-over-year change of +7.5%. Revenues are expected to be $1.9 billion, up 44.1% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Luckin Coffee, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on LKNCY going forward to see if this recent jump can turn into more strength down the road.
Luckin Coffee is a member of the Zacks Beverages - Soft drinks industry. One other stock in the same industry, Zevia (ZVIA - Free Report) , finished the last trading session 3.4% lower at $1.73. ZVIA has returned -5.3% over the past month.
Zevia's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.03. Compared to the company's year-ago EPS, this represents a change of +57.1%. Zevia currently boasts a Zacks Rank of #3 (Hold).
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Luckin Coffee (LKNCY) Soars 5.7%: Is Further Upside Left in the Stock?
Luckin Coffee Inc. Sponsored ADR (LKNCY - Free Report) shares ended the last trading session 5.7% higher at $36.87. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.7% gain over the past four weeks.
Luckin Coffee continues to strengthen its leadership in China’s rapidly expanding coffee market, supported by a powerful, tech-enabled brand, an unmatched store network, and a compelling value proposition centered on quality, convenience, and affordability. The company’s scale-driven strategy, accelerating same-store momentum, and ongoing product innovation are reinforcing customer engagement.
This company is expected to post quarterly earnings of $0.43 per share in its upcoming report, which represents a year-over-year change of +7.5%. Revenues are expected to be $1.9 billion, up 44.1% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Luckin Coffee, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on LKNCY going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Luckin Coffee is a member of the Zacks Beverages - Soft drinks industry. One other stock in the same industry, Zevia (ZVIA - Free Report) , finished the last trading session 3.4% lower at $1.73. ZVIA has returned -5.3% over the past month.
Zevia's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.03. Compared to the company's year-ago EPS, this represents a change of +57.1%. Zevia currently boasts a Zacks Rank of #3 (Hold).