VinFast Auto Ltd. (NASDAQ:VFS) to Post Q2 2024 Earnings of ($0.24) Per Share, Wedbush Forecasts

VinFast Auto Ltd. (NASDAQ:VFS) – Equities research analysts at Wedbush raised their Q2 2024 earnings per share (EPS) estimates for shares of VinFast Auto in a research note issued on Thursday, April 18th. Wedbush analyst D. Ives now expects that the company will post earnings of ($0.24) per share for the quarter, up from their prior estimate of ($0.25). Wedbush currently has a “Outperform” rating and a $12.00 price target on the stock. The consensus estimate for VinFast Auto’s current full-year earnings is ($0.94) per share. Wedbush also issued estimates for VinFast Auto’s Q3 2024 earnings at ($0.23) EPS, Q2 2025 earnings at ($0.20) EPS, Q4 2025 earnings at ($0.16) EPS and FY2025 earnings at ($0.76) EPS.

VFS has been the topic of a number of other reports. Cantor Fitzgerald restated an “overweight” rating and issued a $9.00 target price on shares of VinFast Auto in a research note on Monday, April 15th. BTIG Research cut their price objective on VinFast Auto from $8.00 to $5.00 and set a “buy” rating for the company in a report on Thursday. Finally, Chardan Capital reiterated a “buy” rating and issued a $13.00 price objective on shares of VinFast Auto in a report on Thursday.

VinFast Auto Trading Down 7.0 %

NASDAQ:VFS opened at $2.52 on Monday. VinFast Auto has a 52-week low of $2.43 and a 52-week high of $93.00. The business’s fifty day moving average is $4.76 and its 200 day moving average is $5.94.

VinFast Auto (NASDAQ:VFS) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.06). The company had revenue of $436.51 million during the quarter, compared to the consensus estimate of $582.34 million.

Institutional Investors Weigh In On VinFast Auto

Large investors have recently made changes to their positions in the business. Wolverine Asset Management LLC purchased a new position in shares of VinFast Auto in the 4th quarter valued at approximately $28,000. Saba Capital Management L.P. purchased a new position in shares of VinFast Auto in the 3rd quarter valued at approximately $125,000. QCM Cayman Ltd. purchased a new position in shares of VinFast Auto in the 3rd quarter valued at approximately $150,000. Virtu Financial LLC purchased a new position in VinFast Auto during the fourth quarter valued at $137,000. Finally, Tudor Investment Corp Et Al purchased a new position in VinFast Auto during the third quarter valued at $264,000.

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.