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 lowered their FY2024 earnings per share (EPS) estimates for shares of VinFast Auto in a research report issued on Thursday, April 18th. Cantor Fitzgerald analyst A. Sheppard now anticipates that the company will earn ($0.91) per share for the year, down from their previous 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 announced its earnings results on Thursday, February 22nd. The company reported ($0.28) earnings per share (EPS) 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 the consensus estimate of $582.34 million.

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

VinFast Auto Stock Down 3.6 %

Shares of NASDAQ:VFS opened at $2.43 on Monday. The business’s 50-day moving average is $4.70 and its 200 day moving average is $5.90. VinFast Auto has a 1 year low of $2.26 and a 1 year high of $93.00.

Institutional Trading of VinFast Auto

Large investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC purchased a new stake in shares of VinFast Auto in the fourth quarter worth about $28,000. Saba Capital Management L.P. purchased a new stake in shares of VinFast Auto in the third quarter worth about $125,000. QCM Cayman Ltd. purchased a new stake in shares of VinFast Auto in the third quarter worth about $150,000. Finally, SG Americas Securities LLC purchased a new stake in shares of VinFast Auto in the fourth quarter worth about $329,000.

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.