VinFast Auto Ltd. (NASDAQ:VFS) Forecasted to Post FY2024 Earnings of ($1.17) Per Share

VinFast Auto Ltd. (NASDAQ:VFS) – Cantor Fitzgerald dropped their FY2024 earnings estimates for VinFast Auto in a report released on Monday, September 23rd. Cantor Fitzgerald analyst A. Sheppard now expects that the company will earn ($1.17) per share for the year, down from their previous estimate of ($0.89). Cantor Fitzgerald currently has a “Overweight” rating and a $6.00 target price on the stock. The consensus estimate for VinFast Auto’s current full-year earnings is ($0.93) per share.

VinFast Auto (NASDAQ:VFS) last released its quarterly earnings results on Friday, September 20th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.09). The company had revenue of $357.39 million for the quarter, compared to the consensus estimate of $583.76 million.

VinFast Auto Stock Performance

Shares of VFS opened at $3.91 on Wednesday. The stock has a market cap of $82.62 million, a PE ratio of -4.77 and a beta of 0.89. VinFast Auto has a fifty-two week low of $2.26 and a fifty-two week high of $13.61. The firm’s 50-day simple moving average is $3.84 and its two-hundred day simple moving average is $4.04.

Institutional Investors Weigh In On VinFast Auto

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC increased its position in shares of VinFast Auto by 18.7% during the first quarter. Tidal Investments LLC now owns 153,560 shares of the company’s stock valued at $763,000 after acquiring an additional 24,235 shares in the last quarter. Qsemble Capital Management LP bought a new stake in shares of VinFast Auto during the first quarter valued at approximately $87,000. Daiwa Securities Group Inc. bought a new stake in shares of VinFast Auto during the first quarter valued at approximately $195,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of VinFast Auto during the first quarter valued at approximately $342,000.

VinFast Auto Company Profile

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.