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VinFast Auto Second Quarter 2024 Earnings: Misses Expectations

editorial-team@simplywallst.com (Simply Wall St)
1 min read

In This Article:

VinFast Auto (NASDAQ:VFS) Second Quarter 2024 Results

Key Financial Results

  • Revenue: ₫8.67t (up 9.2% from 2Q 2023).

  • Net loss: ₫19t (loss widened by 38% from 2Q 2023).

  • ₫8,015 loss per share (further deteriorated from ₫5,926 loss in 2Q 2023).

earnings-and-revenue-growth
NasdaqGS:VFS Earnings and Revenue Growth October 25th 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 40% 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 up 12% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for VinFast Auto (of which 3 are a bit unpleasant!) you should know about.

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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.

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