Q3 2024 EPS Estimates for VinFast Auto Ltd. Reduced by Analyst (NASDAQ:VFS)

VinFast Auto Ltd. (NASDAQ:VFS) – Equities researchers at Wedbush decreased their Q3 2024 EPS estimates for VinFast Auto in a research report issued to clients and investors on Wednesday, September 25th. Wedbush analyst D. Ives now expects that the company will earn ($0.24) per share for the quarter, down from their previous estimate of ($0.23). The consensus estimate for VinFast Auto’s current full-year earnings is ($0.93) per share. Wedbush also issued estimates for VinFast Auto’s Q4 2024 earnings at ($0.24) EPS, FY2024 earnings at ($1.08) EPS, Q2 2025 earnings at ($0.21) EPS, Q3 2025 earnings at ($0.20) EPS, Q4 2025 earnings at ($0.17) EPS and FY2025 earnings at ($0.79) EPS.

Separately, Cantor Fitzgerald restated an “overweight” rating and issued a $6.00 price objective on shares of VinFast Auto in a research note on Monday.

VinFast Auto Stock Performance

Shares of VFS stock opened at $3.70 on Monday. VinFast Auto has a 52-week low of $2.26 and a 52-week high of $11.79. The stock has a market cap of $78.18 million, a price-to-earnings ratio of -4.51 and a beta of 0.89. The firm’s 50-day moving average is $3.79 and its 200-day moving average is $4.00.

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

Institutional Investors Weigh In On VinFast Auto

Hedge funds have recently bought and sold shares of the stock. Capstone Investment Advisors LLC bought a new stake in shares of VinFast Auto in the first quarter valued at about $342,000. Daiwa Securities Group Inc. acquired a new stake in shares of VinFast Auto in the first quarter valued at approximately $195,000. Qsemble Capital Management LP bought a new stake in shares of VinFast Auto in the first quarter valued at approximately $87,000. Finally, Tidal Investments LLC boosted its stake in shares of VinFast Auto by 18.7% in 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 period.

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.