FY2024 EPS Estimates for VinFast Auto Ltd. (NASDAQ:VFS) Decreased by Analyst

VinFast Auto Ltd. (NASDAQ:VFS) – Research analysts at Cantor Fitzgerald cut their FY2024 EPS estimates for VinFast Auto in a note issued to investors on Monday, September 23rd. Cantor Fitzgerald analyst A. Sheppard now anticipates that the company will earn ($1.17) per share for the year, down from their prior forecast of ($0.89). Cantor Fitzgerald has a “Overweight” rating and a $6.00 price target on the stock. The consensus estimate for VinFast Auto’s current full-year earnings is ($0.93) per share.

VinFast Auto Stock Up 2.7 %

Shares of VFS stock opened at $3.79 on Wednesday. The business’s fifty day moving average is $3.86 and its 200 day moving average is $4.04. VinFast Auto has a twelve month low of $2.26 and a twelve month high of $13.98.

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

Institutional Investors Weigh In On VinFast Auto

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capstone Investment Advisors LLC bought a new stake in shares of VinFast Auto in the 1st quarter worth approximately $342,000. Daiwa Securities Group Inc. bought a new position in VinFast Auto during the 1st quarter valued at approximately $195,000. Tidal Investments LLC raised its stake in 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 buying an additional 24,235 shares during the last quarter. Finally, Qsemble Capital Management LP bought a new stake in VinFast Auto in the first quarter worth $87,000.

About VinFast Auto

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.