VinFast Auto (VFS) Set to Announce Quarterly Earnings on Wednesday

VinFast Auto (NASDAQ:VFS) will be posting its quarterly earnings results before the market opens on Wednesday, April 17th. Analysts expect VinFast Auto to post earnings of ($0.25) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

VinFast Auto (NASDAQ:VFS) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.06). The company had revenue of $436.51 million during the quarter, compared to analysts’ expectations of $582.34 million. On average, analysts expect VinFast Auto to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

VinFast Auto Price Performance

VFS stock opened at $3.26 on Tuesday. The business has a 50-day moving average price of $4.97 and a 200 day moving average price of $6.14. The company has a market capitalization of $68.88 million and a P/E ratio of -6.39. VinFast Auto has a 1-year low of $3.16 and a 1-year high of $93.00.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Chardan Capital restated a “buy” rating and issued a $13.00 price objective on shares of VinFast Auto in a report on Wednesday, April 10th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $9.00 target price on shares of VinFast Auto in a report on Monday. BTIG Research began coverage on shares of VinFast Auto in a report on Wednesday, January 3rd. They issued a “buy” rating and a $10.00 target price for the company. Finally, Wedbush reiterated an “outperform” rating and issued a $12.00 target price on shares of VinFast Auto in a report on Friday, February 23rd.

Hedge Funds Weigh In On VinFast Auto

A hedge fund recently bought a new stake in VinFast Auto stock. Virtu Financial LLC bought a new stake in VinFast Auto Ltd. (NASDAQ:VFS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 16,324 shares of the company’s stock, valued at approximately $137,000.

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.