Brokers Set Expectations for VinFast Auto Ltd.’s Q3 2024 Earnings (NASDAQ:VFS)

VinFast Auto Ltd. (NASDAQ:VFS) – Investment analysts at Wedbush decreased their Q3 2024 earnings estimates for shares of VinFast Auto in a research note issued to investors on Wednesday, September 25th. Wedbush analyst D. Ives now anticipates that the company will earn ($0.24) per share for the quarter, down from their prior forecast 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 reaffirmed an “overweight” rating and issued a $6.00 target price on shares of VinFast Auto in a research note on Monday, September 23rd.

VinFast Auto Trading Up 0.3 %

Shares of NASDAQ VFS opened at $3.92 on Monday. The firm has a market cap of $82.83 million, a PE ratio of -4.78 and a beta of 0.89. VinFast Auto has a 1-year low of $2.26 and a 1-year high of $13.61. The company has a fifty day moving average price of $3.82 and a 200 day moving average price of $4.02.

VinFast Auto (NASDAQ:VFS) last announced 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 analysts’ expectations of $583.76 million.

Hedge Funds Weigh In On VinFast Auto

A number of large investors have recently modified their holdings of the business. Qsemble Capital Management LP acquired a new position in shares of VinFast Auto during the 1st quarter worth about $87,000. Tidal Investments LLC raised its holdings in shares of VinFast Auto by 18.7% in the 1st quarter. Tidal Investments LLC now owns 153,560 shares of the company’s stock valued at $763,000 after purchasing an additional 24,235 shares during the period. Daiwa Securities Group Inc. bought a new stake in shares of VinFast Auto in the 1st quarter valued at about $195,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of VinFast Auto in the 1st quarter valued at about $342,000.

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.