VinFast Auto (NASDAQ:VFS) Announces Quarterly Earnings Results, Misses Estimates By $0.09 EPS

VinFast Auto (NASDAQ:VFS) released its earnings results on Friday. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.09), Zacks reports. The company had revenue of $357.39 million during the quarter, compared to the consensus estimate of $583.76 million.

VinFast Auto Trading Down 7.6 %

Shares of VFS stock opened at $3.66 on Monday. VinFast Auto has a 12-month low of $2.26 and a 12-month high of $17.15. The stock’s 50-day moving average price is $3.90 and its 200-day moving average price is $4.06. The stock has a market capitalization of $77.34 million, a price-to-earnings ratio of -4.46 and a beta of 0.89.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reiterated an “overweight” rating and set a $8.00 target price on shares of VinFast Auto in a research report on Monday, September 9th.

About VinFast Auto

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.