Stock Analysis

VinFast Auto Second Quarter 2024 Earnings: Misses Expectations

NasdaqGS:VFS
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VinFast Auto (NASDAQ:VFS) Second Quarter 2024 Results

Key Financial Results

  • Revenue: ₫8.67t (up 9.0% from 2Q 2023).
  • Net loss: ₫19t (loss widened by 50% from 2Q 2023).
  • ₫8,015 loss per share (further deteriorated from ₫5,441 loss in 2Q 2023).
earnings-and-revenue-growth
NasdaqGS:VFS Earnings and Revenue Growth September 21st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

VinFast Auto Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 53%.

Looking ahead, revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Auto industry in the US.

Performance of the American Auto industry.

The company's shares are down 7.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for VinFast Auto (2 don't sit too well with us!) that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.