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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 3.06% at $11.74. This change lagged the S&P 500's daily loss of 0.03%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.01%.
The stock of company has fallen by 4.5% in the past month, leading the Business Services sector's loss of 5.5% and undershooting the S&P 500's gain of 0.53%.
Analysts and investors alike will be keeping a close eye on the performance of Kyndryl Holdings, Inc. in its upcoming earnings disclosure. On that day, Kyndryl Holdings, Inc. is projected to report earnings of $0.37 per share, which would represent a year-over-year decline of 2.63%. In the meantime, our current consensus estimate forecasts the revenue to be $3.6 billion, indicating a 3.15% decline compared to the corresponding quarter of the prior year.
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.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Kyndryl Holdings, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Kyndryl Holdings, Inc. currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Kyndryl Holdings, Inc. has a Forward P/E ratio of 6.56 right now. This signifies a discount in comparison to the average Forward P/E of 17.34 for its industry.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 157, positioning it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 3.06% at $11.74. This change lagged the S&P 500's daily loss of 0.03%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.01%.
The stock of company has fallen by 4.5% in the past month, leading the Business Services sector's loss of 5.5% and undershooting the S&P 500's gain of 0.53%.
Analysts and investors alike will be keeping a close eye on the performance of Kyndryl Holdings, Inc. in its upcoming earnings disclosure. On that day, Kyndryl Holdings, Inc. is projected to report earnings of $0.37 per share, which would represent a year-over-year decline of 2.63%. In the meantime, our current consensus estimate forecasts the revenue to be $3.6 billion, indicating a 3.15% decline compared to the corresponding quarter of the prior year.
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.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Kyndryl Holdings, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Kyndryl Holdings, Inc. currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Kyndryl Holdings, Inc. has a Forward P/E ratio of 6.56 right now. This signifies a discount in comparison to the average Forward P/E of 17.34 for its industry.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 157, positioning it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.