VinFast Auto (NASDAQ:VFS) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Key Points

• VinFast Auto reported a quarterly loss of ($0.35) EPS, missing expectations by $0.10, and generated revenue of $662.99 million, below analyst projections of $679.61 million.
• Several analysts have issued ratings for VinFast, with Chardan Capital maintaining a "buy" rating and a price target of $5.50, while Cantor Fitzgerald set a price objective of $6.00.
• An institutional investor, the State of Wyoming, purchased a new stake in VinFast Auto, acquiring 17,714 shares valued at approximately $63,000.

VinFast Auto (NASDAQ:VFS - Get Free Report) announced its earnings results on Thursday, September 4th. The company reported ($0.35) earnings per share for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.10), Zacks reports. The firm had revenue of $662.99 million during the quarter, compared to the consensus estimate of $679.61 million.

VinFast Auto Price Performance

Shares of NASDAQ VFS traded up $0.05 during mid-day trading on Thursday, hitting $3.28. The company's stock had a trading volume of 312,713 shares, compared to its average volume of 545,953. VinFast Auto has a one year low of $2.56 and a one year high of $5.38. The company's fifty day simple moving average is $3.48 and its 200-day simple moving average is $3.41. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of -2.31 and a beta of 0.91.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Chardan Capital restated a "buy" rating and issued a $5.50 price objective on shares of VinFast Auto in a research report on Friday, September 5th. Cantor Fitzgerald reissued an "overweight" rating and set a $6.00 price target on shares of VinFast Auto in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $5.75.

Hedge Funds Weigh In On VinFast Auto

An institutional investor recently bought a new position in VinFast Auto stock. State of Wyoming bought a new stake in shares of VinFast Auto Ltd. (NASDAQ:VFS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 17,714 shares of the company's stock, valued at approximately $63,000.

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.