VinFast Auto Ltd. (NASDAQ:VFS) Expected to Post FY2024 Earnings of ($0.91) Per Share

VinFast Auto Ltd. (NASDAQ:VFS) – Research analysts at Cantor Fitzgerald dropped their FY2024 EPS estimates for shares of VinFast Auto in a research report issued on Thursday, April 18th. Cantor Fitzgerald analyst A. Sheppard now expects that the company will post earnings per share of ($0.91) for the year, down from their prior forecast of ($0.79). Cantor Fitzgerald has a “Overweight” rating and a $9.00 price target on the stock. The consensus estimate for VinFast Auto’s current full-year earnings is ($0.94) per share.

VinFast Auto (NASDAQ:VFS) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.06). The company had revenue of $436.51 million for the quarter, compared to analysts’ expectations of $582.34 million.

VFS has been the topic of a number of other reports. BTIG Research lowered their price objective on shares of VinFast Auto from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Wedbush restated an “outperform” rating and set a $12.00 target price on shares of VinFast Auto in a research report on Friday, February 23rd. Finally, Chardan Capital restated a “buy” rating and set a $13.00 target price on shares of VinFast Auto in a research report on Thursday, April 18th.

VinFast Auto Trading Down 0.4 %

NASDAQ:VFS opened at $2.42 on Monday. The firm’s fifty day moving average price is $4.65 and its 200 day moving average price is $5.86. VinFast Auto has a 1-year low of $2.26 and a 1-year high of $93.00.

Institutional Investors Weigh In On VinFast Auto

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of VinFast Auto during the 4th quarter worth $329,000. QCM Cayman Ltd. acquired a new position in shares of VinFast Auto during the 3rd quarter worth $150,000. Saba Capital Management L.P. acquired a new position in shares of VinFast Auto during the 3rd quarter worth $125,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of VinFast Auto during the 4th quarter worth $28,000.

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.