VinFast Auto Ltd. to Post FY2024 Earnings of ($0.91) Per Share, Cantor Fitzgerald Forecasts (NASDAQ:VFS)

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

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

Several other equities research analysts have also recently commented on VFS. Wedbush reaffirmed an “outperform” rating and set a $12.00 price objective on shares of VinFast Auto in a research report on Friday, February 23rd. Chardan Capital reaffirmed a “buy” rating and set a $13.00 price objective on shares of VinFast Auto in a research report on Thursday, April 18th. Finally, BTIG Research dropped their price objective on VinFast Auto from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th.

VinFast Auto Price Performance

NASDAQ VFS opened at $2.43 on Monday. VinFast Auto has a 12 month low of $2.26 and a 12 month high of $93.00. The stock’s fifty day moving average price is $4.70 and its 200-day moving average price is $5.90.

Institutional Trading of VinFast Auto

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in VinFast Auto during the 4th quarter valued at approximately $329,000. Saba Capital Management L.P. purchased a new position in VinFast Auto during the 3rd quarter valued at approximately $125,000. QCM Cayman Ltd. purchased a new position in VinFast Auto during the 3rd quarter valued at approximately $150,000. Finally, Wolverine Asset Management LLC purchased a new position in VinFast Auto during the 4th quarter valued at approximately $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.