FY2024 EPS Estimates for VinFast Auto Increased by Analyst

VinFast Auto Ltd. (NASDAQ:VFS) – Analysts at Cantor Fitzgerald lifted their FY2024 earnings estimates for VinFast Auto in a research report issued to clients and investors on Wednesday, November 27th. Cantor Fitzgerald analyst A. Sheppard now expects that the company will earn ($1.04) per share for the year, up from their previous estimate of ($1.17). Cantor Fitzgerald has a “Overweight” rating and a $6.00 price objective on the stock. The consensus estimate for VinFast Auto’s current full-year earnings is ($1.03) per share.

VinFast Auto Price Performance

Shares of VinFast Auto stock opened at $4.15 on Monday. VinFast Auto has a 52 week low of $2.26 and a 52 week high of $9.30. The business has a 50 day moving average price of $3.88 and a 200-day moving average price of $4.05.

VinFast Auto (NASDAQ:VFS) last posted 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 the consensus estimate of $583.76 million.

Institutional Trading of VinFast Auto

Several institutional investors have recently made changes to their positions in VFS. GSA Capital Partners LLP purchased a new position in shares of VinFast Auto in the 3rd quarter worth approximately $44,000. XTX Topco Ltd bought a new stake in VinFast Auto during the third quarter worth $48,000. Finally, Tidal Investments LLC boosted its position in VinFast Auto by 18.7% in the first quarter. Tidal Investments LLC now owns 153,560 shares of the company’s stock worth $763,000 after purchasing an additional 24,235 shares during the last quarter.

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.