FY2024 EPS Estimates for VinFast Auto Boosted by Analyst

VinFast Auto Ltd. (NASDAQ:VFS) – Cantor Fitzgerald raised their FY2024 earnings estimates for shares of VinFast Auto in a research report issued to clients and investors on Wednesday, November 27th. Cantor Fitzgerald analyst A. Sheppard now forecasts that the company will earn ($1.04) per share for the year, up from their prior estimate 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 (NASDAQ:VFS) last posted its quarterly earnings data on Friday, September 20th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.09). The firm had revenue of $357.39 million for the quarter, compared to the consensus estimate of $583.76 million.

VinFast Auto Stock Down 2.6 %

Shares of VFS opened at $4.15 on Monday. The firm’s fifty day simple moving average is $3.88 and its two-hundred day simple moving average is $4.05. VinFast Auto has a 12 month low of $2.26 and a 12 month high of $9.30.

Institutional Investors Weigh In On VinFast Auto

Several institutional investors and hedge funds have recently made changes to their positions in VFS. GSA Capital Partners LLP bought a new position in VinFast Auto during the third quarter worth $44,000. XTX Topco Ltd acquired a new position in shares of VinFast Auto during the third quarter valued at about $48,000. Finally, Tidal Investments LLC boosted its position in shares of VinFast Auto by 18.7% during 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 in the last quarter.

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.