VinFast Auto (NASDAQ:VFS) Posts Quarterly Earnings Results, Misses Estimates By $0.10 EPS

VinFast Auto (NASDAQ:VFS) posted its earnings results on Monday. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.10), Zacks reports. The firm had revenue of $677.89 million during the quarter, compared to analyst estimates of $21,843.17 billion.

VinFast Auto Trading Up 2.5%

NASDAQ VFS traded up $0.09 during trading on Monday, reaching $3.51. 1,163,458 shares of the company’s stock were exchanged, compared to its average volume of 839,754. The company’s fifty day simple moving average is $3.33 and its 200-day simple moving average is $3.71. The firm has a market capitalization of $8.20 billion, a PE ratio of -3.20 and a beta of 0.89. VinFast Auto has a fifty-two week low of $2.56 and a fifty-two week high of $5.38.

Analysts Set New Price Targets

VFS has been the topic of several research analyst reports. BTIG Research lowered VinFast Auto from a “buy” rating to a “neutral” rating in a research report on Friday, April 25th. Chardan Capital upgraded VinFast Auto to a “strong-buy” rating in a research report on Tuesday, April 29th.

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.