What is Wedbush’s Forecast for VinFast Auto FY2024 Earnings?

VinFast Auto Ltd. (NASDAQ:VFS) – Equities researchers at Wedbush raised their FY2024 EPS estimates for shares of VinFast Auto in a research note issued on Wednesday, November 27th. Wedbush analyst D. Ives now forecasts that the company will post earnings per share of ($1.03) for the year, up from their prior estimate of ($1.09). The consensus estimate for VinFast Auto’s current full-year earnings is ($1.03) per share. Wedbush also issued estimates for VinFast Auto’s Q4 2024 earnings at ($0.20) EPS, Q1 2025 earnings at ($0.21) EPS and FY2025 earnings at ($0.78) EPS.

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

VinFast Auto Trading Down 1.7 %

NASDAQ VFS opened at $4.08 on Monday. VinFast Auto has a twelve month low of $2.26 and a twelve month high of $8.78. The firm has a 50-day simple moving average of $3.89 and a 200 day simple moving average of $4.05.

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

Hedge Funds Weigh In On VinFast Auto

Hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP bought a new position in VinFast Auto during the 3rd quarter valued at about $44,000. XTX Topco Ltd acquired a new stake in shares of VinFast Auto during the third quarter worth approximately $48,000. Finally, Tidal Investments LLC raised its stake in shares of VinFast Auto by 18.7% in the first quarter. Tidal Investments LLC now owns 153,560 shares of the company’s stock valued at $763,000 after acquiring 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.