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Luckin Coffee Inc. Analysts Are Pretty Bullish On The Stock After Recent Results

From: news.yahoo.com

Shareholders will be ecstatic, with their stake up 21% over the past week following Luckin Coffee Inc.‘s (NASDAQ:LK) latest third-quarter results. The results don’t look great, especially considering that statutory losses grew 20% toCN¥2.29 per share. Revenues of CN¥1.6b did beat expectations by 4.7%, but it looks like a bit of a cold comfort. Analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we’ve aggregated the latest statutory forecasts to see whether analysts have changed their mind on Luckin Coffee after the latest results.

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