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Kyndryl Holdings, Inc. (KD) Stock Sinks As Market Gains: Here's Why
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Kyndryl Holdings, Inc. (KD - Free Report) closed at $11.56 in the latest trading session, marking a -4.62% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.73%. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 1.19%.
The company's shares have seen a decrease of 9.15% over the last month, not keeping up with the Business Services sector's loss of 4.68% and the S&P 500's gain of 0.55%.
The investment community will be paying close attention to the earnings performance 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. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.6 billion, down 3.15% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.85 per share and revenue of $14.76 billion. These totals would mark changes of +26.71% and -2.23%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Kyndryl Holdings, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Kyndryl Holdings, Inc. is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Kyndryl Holdings, Inc. is holding a Forward P/E ratio of 6.56. For comparison, its industry has an average Forward P/E of 15.91, 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 group has a Zacks Industry Rank of 183, putting it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Kyndryl Holdings, Inc. (KD) Stock Sinks As Market Gains: Here's Why
Kyndryl Holdings, Inc. (KD - Free Report) closed at $11.56 in the latest trading session, marking a -4.62% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.73%. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 1.19%.
The company's shares have seen a decrease of 9.15% over the last month, not keeping up with the Business Services sector's loss of 4.68% and the S&P 500's gain of 0.55%.
The investment community will be paying close attention to the earnings performance 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. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.6 billion, down 3.15% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.85 per share and revenue of $14.76 billion. These totals would mark changes of +26.71% and -2.23%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Kyndryl Holdings, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Kyndryl Holdings, Inc. is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Kyndryl Holdings, Inc. is holding a Forward P/E ratio of 6.56. For comparison, its industry has an average Forward P/E of 15.91, 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 group has a Zacks Industry Rank of 183, putting it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.