VinFast Auto Ltd. (NASDAQ:VFS – Free Report) – Equities research analysts at Wedbush boosted their Q2 2024 earnings per share (EPS) estimates for shares of VinFast Auto in a research note issued to investors on Thursday, April 18th. Wedbush analyst D. Ives now anticipates that the company will post earnings of ($0.24) per share for the quarter, up from their previous forecast of ($0.25). Wedbush has a “Outperform” rating and a $12.00 price objective 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.
VinFast Auto (NASDAQ:VFS – Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.06). The business had revenue of $436.51 million for the quarter, compared to the consensus estimate of $582.34 million.
VinFast Auto Stock Performance
Shares of VinFast Auto stock opened at $2.42 on Monday. The business has a fifty day simple moving average of $4.65 and a 200-day simple moving average of $5.86. VinFast Auto has a fifty-two week low of $2.26 and a fifty-two week high of $93.00.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in VinFast Auto in the 4th quarter valued at approximately $329,000. Saba Capital Management L.P. bought a new position in VinFast Auto during the third quarter valued at about $125,000. QCM Cayman Ltd. bought a new stake in shares of VinFast Auto in the 3rd quarter worth approximately $150,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of VinFast Auto during the 4th quarter worth approximately $28,000.
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.
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