In the latest trading session, Kyndryl Holdings, Inc. (KD Quick QuoteKD - Free Report) closed at $13.20, marking a -2.73% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.45%. Elsewhere, the Dow lost 0.63%, while the tech-heavy Nasdaq lost 0.78%.

Heading into today, shares of the company had gained 6.68% over the past month, outpacing the Business Services sector's loss of 2.97% and the S&P 500's loss of 1.99%.

Market participants will be closely following the financial results of Kyndryl Holdings, Inc. in its upcoming release. It is anticipated that the company will report an EPS of $0.37, marking a 2.63% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $3.6 billion, down 3.15% from the year-ago period.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.85 per share and a revenue of $14.76 billion, indicating changes of +26.71% and -2.23%, respectively, from the former year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Kyndryl Holdings, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Kyndryl Holdings, Inc. is currently a Zacks Rank #3 (Hold).

From a valuation perspective, Kyndryl Holdings, Inc. is currently exchanging hands at a Forward P/E ratio of 7.35. For comparison, its industry has an average Forward P/E of 17.66, which means Kyndryl Holdings, Inc. is trading at a discount to the group.

The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 159, finds itself in the bottom 36% echelons of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.