Cantor Fitzgerald Boosts Earnings Estimates for VinFast Auto

Posted by Alphonse Anthony on Dec 4th, 2024

VinFast Auto Ltd. (NASDAQ:VFS – Free Report) – Equities researchers at Cantor Fitzgerald boosted their FY2024 earnings per share (EPS) estimates for VinFast Auto in a research note issued on Wednesday, November 27th. Cantor Fitzgerald analyst A. Sheppard now anticipates that the company will post earnings of ($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 Trading Down 1.0 %

Shares of VFS stock opened at $4.04 on Monday. The firm’s 50 day moving average is $3.90 and its 200-day moving average is $4.05. VinFast Auto has a 1 year low of $2.26 and a 1 year high of $8.78.

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

Institutional Trading of VinFast Auto

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in shares of VinFast Auto in the 3rd quarter valued at about $44,000. XTX Topco Ltd acquired a new position in VinFast Auto in the third quarter valued at approximately $48,000. Finally, Tidal Investments LLC boosted its stake 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 acquiring an additional 24,235 shares during the last quarter.

VinFast Auto Company Profile

(Get Free Report)

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.