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Kyndryl Holdings, Inc. (KD) Falls More Steeply Than Broader Market: What Investors Need to Know
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Kyndryl Holdings, Inc. (KD - Free Report) closed the most recent trading day at $29.76, moving -1.16% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.28%. Meanwhile, the Dow lost 0.52%, and the Nasdaq, a tech-heavy index, lost 0.08%.
Prior to today's trading, shares of the company had lost 7.07% lagged the Business Services sector's loss of 0.31% and the S&P 500's gain of 4.03%.
The investment community will be paying close attention to the earnings performance of Kyndryl Holdings, Inc. in its upcoming release. In that report, analysts expect Kyndryl Holdings, Inc. to post earnings of $0.35 per share. This would mark year-over-year growth of 3400%. Alongside, our most recent consensus estimate is anticipating revenue of $3.82 billion, indicating a 1.11% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.18 per share and revenue of $15.65 billion. These totals would mark changes of +83.19% and +3.97%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Kyndryl Holdings, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.37% lower. Kyndryl Holdings, Inc. is currently a Zacks Rank #5 (Strong Sell).
Looking at valuation, Kyndryl Holdings, Inc. is presently trading at a Forward P/E ratio of 13.79. This signifies a discount in comparison to the average Forward P/E of 22.4 for its industry.
We can additionally observe that KD currently boasts a PEG ratio of 2.76. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Technology Services was holding an average PEG ratio of 1.84 at yesterday's closing price.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 37% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Kyndryl Holdings, Inc. (KD) Falls More Steeply Than Broader Market: What Investors Need to Know
Kyndryl Holdings, Inc. (KD - Free Report) closed the most recent trading day at $29.76, moving -1.16% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.28%. Meanwhile, the Dow lost 0.52%, and the Nasdaq, a tech-heavy index, lost 0.08%.
Prior to today's trading, shares of the company had lost 7.07% lagged the Business Services sector's loss of 0.31% and the S&P 500's gain of 4.03%.
The investment community will be paying close attention to the earnings performance of Kyndryl Holdings, Inc. in its upcoming release. In that report, analysts expect Kyndryl Holdings, Inc. to post earnings of $0.35 per share. This would mark year-over-year growth of 3400%. Alongside, our most recent consensus estimate is anticipating revenue of $3.82 billion, indicating a 1.11% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.18 per share and revenue of $15.65 billion. These totals would mark changes of +83.19% and +3.97%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Kyndryl Holdings, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.37% lower. Kyndryl Holdings, Inc. is currently a Zacks Rank #5 (Strong Sell).
Looking at valuation, Kyndryl Holdings, Inc. is presently trading at a Forward P/E ratio of 13.79. This signifies a discount in comparison to the average Forward P/E of 22.4 for its industry.
We can additionally observe that KD currently boasts a PEG ratio of 2.76. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Technology Services was holding an average PEG ratio of 1.84 at yesterday's closing price.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 91, finds itself in the top 37% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.