What is Wedbush’s Forecast for VinFast Auto Q3 Earnings?

VinFast Auto Ltd. (NASDAQ:VFS) – Research analysts at Wedbush dropped their Q3 2024 earnings per share estimates for shares of VinFast Auto in a research report issued on Thursday, November 21st. Wedbush analyst D. Ives now anticipates that the company will post earnings per share of ($0.26) for the quarter, down from their prior estimate of ($0.24). The consensus estimate for VinFast Auto’s current full-year earnings is ($1.13) per share. Wedbush also issued estimates for VinFast Auto’s FY2024 earnings at ($1.09) EPS, Q1 2025 earnings at ($0.22) EPS, Q2 2025 earnings at ($0.20) EPS, Q3 2025 earnings at ($0.19) EPS, Q4 2025 earnings at ($0.18) EPS and FY2025 earnings at ($0.80) EPS.

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

Separately, Cantor Fitzgerald restated an “overweight” rating and set a $6.00 target price on shares of VinFast Auto in a report on Monday, September 30th.

VinFast Auto Trading Up 0.5 %

Shares of NASDAQ:VFS opened at $3.95 on Monday. The business has a 50-day moving average price of $3.86 and a 200 day moving average price of $4.06. The company has a market capitalization of $83.46 million, a price-to-earnings ratio of -3.46 and a beta of 0.90. VinFast Auto has a 12-month low of $2.26 and a 12-month high of $9.30.

Institutional Investors Weigh In On VinFast Auto

Several institutional investors have recently added to or reduced their stakes in VFS. GSA Capital Partners LLP purchased a new stake in VinFast Auto during the third quarter worth approximately $44,000. XTX Topco Ltd acquired a new position in VinFast Auto during the third quarter worth approximately $48,000. Finally, Tidal Investments LLC increased its position in VinFast Auto by 30.0% during the third quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock worth $659,000 after buying an additional 39,787 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.