In the latest close session, Kyndryl Holdings, Inc. (KD) was up +2.42% at $27.47. This change outpaced the S&P 500's 0.68% gain on the day. Elsewhere, the Dow saw an upswing of 1.05%, while the tech-heavy Nasdaq appreciated by 0.33%.
Heading into today, shares of the company had gained 4.44% over the past month, outpacing the Business Services sector's loss of 0.53% and the S&P 500's gain of 1.8%.
The investment community will be closely monitoring the performance of Kyndryl Holdings, Inc. in its forthcoming earnings report. The company is predicted to post an EPS of $0.63, indicating a 23.53% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $3.98 billion, indicating a 6.19% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $2.23 per share and a revenue of $15.61 billion, demonstrating changes of +87.39% and +3.66%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Kyndryl Holdings, Inc. These recent revisions tend to reflect the evolving nature of short-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 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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Kyndryl Holdings, Inc. boasts 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 12.03 right now. For comparison, its industry has an average Forward P/E of 19.36, which means Kyndryl Holdings, Inc. is trading at a discount to the group.
The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 79, positioning it in the top 32% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Kyndryl Holdings, Inc. (KD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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