Q3 2024 EPS Estimates for VinFast Auto Ltd. (NASDAQ:VFS) Lowered by Wedbush

VinFast Auto Ltd. (NASDAQ:VFS) – Wedbush dropped their Q3 2024 earnings per share (EPS) estimates for VinFast Auto in a note issued to investors on Wednesday, September 25th. Wedbush analyst D. Ives now forecasts that the company will post earnings of ($0.24) per share for the quarter, down from their prior forecast of ($0.23). The consensus estimate for VinFast Auto’s current full-year earnings is ($0.93) per share. Wedbush also issued estimates for VinFast Auto’s Q4 2024 earnings at ($0.24) EPS, FY2024 earnings at ($1.08) EPS, Q2 2025 earnings at ($0.21) EPS, Q3 2025 earnings at ($0.20) EPS, Q4 2025 earnings at ($0.17) EPS and FY2025 earnings at ($0.79) EPS.

Separately, Cantor Fitzgerald restated an “overweight” rating and issued a $6.00 price target on shares of VinFast Auto in a research report on Monday.

VinFast Auto Price Performance

VinFast Auto stock opened at $3.70 on Monday. The business has a 50 day moving average of $3.79 and a 200-day moving average of $4.00. The company has a market capitalization of $78.18 million, a P/E ratio of -4.51 and a beta of 0.89. VinFast Auto has a 1 year low of $2.26 and a 1 year high of $11.79.

VinFast Auto (NASDAQ:VFS) last issued its earnings results on Friday, September 20th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.09). The business had revenue of $357.39 million during the quarter, compared to analyst estimates of $583.76 million.

Institutional Investors Weigh In On VinFast Auto

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Qsemble Capital Management LP bought a new stake in VinFast Auto in the first quarter valued at approximately $87,000. Daiwa Securities Group Inc. acquired a new position in shares of VinFast Auto in the 1st quarter worth approximately $195,000. Capstone Investment Advisors LLC bought a new stake in shares of VinFast Auto in the 1st quarter valued at $342,000. Finally, Tidal Investments LLC increased its position in shares of VinFast Auto by 18.7% during the first quarter. Tidal Investments LLC now owns 153,560 shares of the company’s stock worth $763,000 after buying 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.