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Kyndryl Holdings, Inc. (KD) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest close session, Kyndryl Holdings, Inc. (KD - Free Report) was down 3.02% at $12.84. The stock trailed the S&P 500, which registered a daily loss of 0.45%. Meanwhile, the Dow lost 1.21%, and the Nasdaq, a tech-heavy index, lost 0.01%.
Heading into today, shares of the company had gained 7.38% over the past month, outpacing the Business Services sector's loss of 3.49% and the S&P 500's loss of 2.43%.
The investment community will be closely monitoring the performance of Kyndryl Holdings, Inc. in its forthcoming earnings report. The company is expected to report EPS of $0.37, down 2.63% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.6 billion, down 3.15% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.85 per share and a revenue of $14.76 billion, signifying shifts of +26.71% and -2.23%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Kyndryl Holdings, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 witnessed an unchanged state. Kyndryl Holdings, Inc. is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Kyndryl Holdings, Inc. is at present trading with a Forward P/E ratio of 7.17. This represents a discount compared to its industry average Forward P/E of 17.66.
The Technology Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 156, this industry ranks in the bottom 37% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.
View the Zacks #1 Rank List
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Kyndryl Holdings, Inc. (KD) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest close session, Kyndryl Holdings, Inc. (KD - Free Report) was down 3.02% at $12.84. The stock trailed the S&P 500, which registered a daily loss of 0.45%. Meanwhile, the Dow lost 1.21%, and the Nasdaq, a tech-heavy index, lost 0.01%.
Heading into today, shares of the company had gained 7.38% over the past month, outpacing the Business Services sector's loss of 3.49% and the S&P 500's loss of 2.43%.
The investment community will be closely monitoring the performance of Kyndryl Holdings, Inc. in its forthcoming earnings report. The company is expected to report EPS of $0.37, down 2.63% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3.6 billion, down 3.15% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.85 per share and a revenue of $14.76 billion, signifying shifts of +26.71% and -2.23%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Kyndryl Holdings, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 witnessed an unchanged state. Kyndryl Holdings, Inc. is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Kyndryl Holdings, Inc. is at present trading with a Forward P/E ratio of 7.17. This represents a discount compared to its industry average Forward P/E of 17.66.
The Technology Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 156, this industry ranks in the bottom 37% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.