Kyndryl Holdings, Inc. (KD) closed at $12.06 in the latest trading session, marking a -1.15% move from the prior day. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, added 0.45%.
Prior to today's trading, shares of the company had lost 4.31% lagged the Business Services sector's loss of 4.06% and the S&P 500's gain of 1.27%.
The upcoming earnings release of Kyndryl Holdings, Inc. will be of great interest to investors. The company is expected to report EPS of $0.37, down 2.63% from the prior-year quarter. 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 full year, the Zacks Consensus Estimates are projecting earnings of $1.85 per share and revenue of $14.76 billion, which would represent changes of +26.71% and -2.23%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Kyndryl Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Kyndryl Holdings, Inc. boasts 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 6.61. This expresses a discount compared to the average Forward P/E of 17.66 of its industry.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 156, finds itself in the bottom 37% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Kyndryl Holdings, Inc. (KD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).