Wedbush Predicts VinFast Auto’s Q3 Earnings (NASDAQ:VFS)

VinFast Auto Ltd. (NASDAQ:VFS) – Wedbush reduced their Q3 2024 earnings per share (EPS) estimates for VinFast Auto in a research note issued on Thursday, November 21st. Wedbush analyst D. Ives now forecasts that the company will post earnings of ($0.26) per share for the quarter, down from their prior estimate of ($0.24). The consensus estimate for VinFast Auto’s current full-year earnings is ($1.13) per share. Wedbush also issued estimates for VinFast Auto’s FY2024 earnings at ($1.09) EPS, Q1 2025 earnings at ($0.22) EPS, Q2 2025 earnings at ($0.20) EPS, Q3 2025 earnings at ($0.19) EPS, Q4 2025 earnings at ($0.18) EPS and FY2025 earnings at ($0.80) EPS.

Separately, Cantor Fitzgerald reaffirmed 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 Price Performance

Shares of VFS opened at $3.93 on Monday. VinFast Auto has a 1 year low of $2.26 and a 1 year high of $9.30. The company’s fifty day moving average is $3.86 and its two-hundred day moving average is $4.04.

VinFast Auto (NASDAQ:VFS) last announced its earnings results 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 analyst estimates of $583.76 million.

Hedge Funds Weigh In On VinFast Auto

Several institutional investors and hedge funds have recently bought and sold shares of VFS. XTX Topco Ltd purchased a new stake in VinFast Auto during the third quarter worth approximately $48,000. GSA Capital Partners LLP acquired a new stake in VinFast Auto in the 3rd quarter valued at $44,000. Finally, Tidal Investments LLC raised its position in 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 purchasing 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.