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

VinFast Auto (NASDAQ:VFS) issued its quarterly earnings data on Monday. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.10), Zacks reports. The company had revenue of $677.89 million during the quarter, compared to the consensus estimate of $21,843.17 billion.

VinFast Auto Stock Down 1.7%

NASDAQ VFS opened at $3.51 on Wednesday. VinFast Auto has a 52-week low of $2.56 and a 52-week high of $5.38. The business’s 50-day moving average price is $3.35 and its 200 day moving average price is $3.70. The firm has a market cap of $8.21 billion, a P/E ratio of -3.19 and a beta of 0.89.

Wall Street Analyst Weigh In

VFS has been the topic of a number of research reports. BTIG Research cut VinFast Auto from a “buy” rating to a “neutral” rating in a research note on Friday, April 25th. Cantor Fitzgerald restated an “overweight” rating and set a $6.00 price target on shares of VinFast Auto in a research note on Tuesday. Finally, Chardan Capital reiterated a “buy” rating and issued a $5.50 price objective on shares of VinFast Auto in a research note on Tuesday.

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.