In the latest close session, Kyndryl Holdings, Inc. (KD) was up +1.72% at $13.01. This change outpaced the S&P 500's 0.48% loss on the day. Meanwhile, the Dow experienced a drop of 0.77%, and the technology-dominated Nasdaq saw a decrease of 0.64%.
The company's shares have seen a decrease of 4.27% over the last month, not keeping up with the Business Services sector's loss of 2.49% and the S&P 500's loss of 0.97%.
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. Alongside, our most recent consensus estimate is anticipating revenue of $3.6 billion, indicating a 3.15% downward movement from the same quarter last year.
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. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 1.12% rise in the Zacks Consensus EPS estimate. Kyndryl Holdings, Inc. is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Kyndryl Holdings, Inc. is holding a Forward P/E ratio of 6.93. This valuation marks a discount compared to its industry average Forward P/E of 18.46.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 37% 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.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Kyndryl Holdings, Inc. (KD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).