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Kyndryl Holdings, Inc. (KD) Stock Moves -0.25%: What You Should Know
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Kyndryl Holdings, Inc. (KD - Free Report) closed the latest trading day at $39.45, indicating a -0.25% change from the previous session's end. This change was narrower than the S&P 500's 0.53% loss on the day. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 0.83%.
The company's stock has climbed by 19.34% in the past month, exceeding the Business Services sector's loss of 0.45% and the S&P 500's gain of 5.17%.
The investment community will be closely monitoring the performance of Kyndryl Holdings, Inc. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.48, reflecting a 269.23% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $3.85 billion, up 3.09% from the prior-year quarter.
KD's full-year Zacks Consensus Estimates are calling for earnings of $2.17 per share and revenue of $15.64 billion. These results would represent year-over-year changes of +82.35% and +3.86%, respectively.
It is also important to note the recent changes to analyst estimates for Kyndryl Holdings, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 10.29% higher. Kyndryl Holdings, Inc. is currently a Zacks Rank #3 (Hold).
With respect to valuation, Kyndryl Holdings, Inc. is currently being traded at a Forward P/E ratio of 18.21. This indicates a discount in contrast to its industry's Forward P/E of 19.38.
Also, we should mention that KD has a PEG ratio of 0.73. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Technology Services industry stood at 1.47 at the close of the market yesterday.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 51, placing it within the top 21% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Kyndryl Holdings, Inc. (KD) Stock Moves -0.25%: What You Should Know
Kyndryl Holdings, Inc. (KD - Free Report) closed the latest trading day at $39.45, indicating a -0.25% change from the previous session's end. This change was narrower than the S&P 500's 0.53% loss on the day. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 0.83%.
The company's stock has climbed by 19.34% in the past month, exceeding the Business Services sector's loss of 0.45% and the S&P 500's gain of 5.17%.
The investment community will be closely monitoring the performance of Kyndryl Holdings, Inc. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.48, reflecting a 269.23% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $3.85 billion, up 3.09% from the prior-year quarter.
KD's full-year Zacks Consensus Estimates are calling for earnings of $2.17 per share and revenue of $15.64 billion. These results would represent year-over-year changes of +82.35% and +3.86%, respectively.
It is also important to note the recent changes to analyst estimates for Kyndryl Holdings, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 10.29% higher. Kyndryl Holdings, Inc. is currently a Zacks Rank #3 (Hold).
With respect to valuation, Kyndryl Holdings, Inc. is currently being traded at a Forward P/E ratio of 18.21. This indicates a discount in contrast to its industry's Forward P/E of 19.38.
Also, we should mention that KD has a PEG ratio of 0.73. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Technology Services industry stood at 1.47 at the close of the market yesterday.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 51, placing it within the top 21% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.