Cantor Fitzgerald Weighs in on VinFast Auto FY2024 Earnings

VinFast Auto Ltd. (NASDAQ:VFS) – Research analysts at Cantor Fitzgerald boosted their FY2024 earnings estimates for shares of VinFast Auto in a research report issued on Wednesday, November 27th. Cantor Fitzgerald analyst A. Sheppard now anticipates that the company will earn ($1.04) per share for the year, up from their previous forecast 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 Stock Down 1.7 %

Shares of NASDAQ VFS opened at $4.08 on Monday. The stock’s fifty day moving average price is $3.89 and its two-hundred day moving average price is $4.05. VinFast Auto has a one year low of $2.26 and a one year high of $8.78.

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 firm had revenue of $357.39 million during the quarter, compared to the consensus estimate of $583.76 million.

Institutional Trading of VinFast Auto

A number of institutional investors have recently bought and sold shares of VFS. GSA Capital Partners LLP acquired a new position in shares of VinFast Auto during the 3rd quarter worth approximately $44,000. XTX Topco Ltd bought a new stake in shares of VinFast Auto in the third quarter valued at approximately $48,000. Finally, Tidal Investments LLC grew 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 in 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.