Wedbush Predicts VinFast Auto’s Q3 Earnings (NASDAQ:VFS)

VinFast Auto Ltd. (NASDAQ:VFS) – Investment analysts at Wedbush cut their Q3 2024 earnings estimates for VinFast Auto in a research report issued on Thursday, November 21st. Wedbush analyst D. Ives now expects that the company will earn ($0.26) per share for the quarter, down from their prior forecast 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.

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

VinFast Auto Stock Performance

Shares of VFS opened at $3.93 on Monday. The firm has a fifty day simple moving average of $3.86 and a two-hundred day simple moving average of $4.05. VinFast Auto has a 1-year low of $2.26 and a 1-year high of $9.30.

VinFast Auto (NASDAQ:VFS) last released its quarterly earnings data on Friday, September 20th. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.09). The company had revenue of $357.39 million during the quarter, compared to the consensus estimate of $583.76 million.

Institutional Investors Weigh In On VinFast Auto

Institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP bought a new stake in VinFast Auto in the 3rd quarter valued at $44,000. XTX Topco Ltd bought a new position in VinFast Auto during the third quarter valued at $48,000. Finally, Tidal Investments LLC raised its position in VinFast Auto by 18.7% in the 1st 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 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.