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The most recent trading session ended with Kyndryl Holdings, Inc. (KD) standing at $34.53, reflecting a -0.86% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a loss of 1.07% for the day. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 1.19%.
Shares of the company have appreciated by 0.35% over the course of the past month, outperforming the Business Services sector's loss of 2.89% and the S&P 500's loss of 0.36%.
The upcoming earnings release of Kyndryl Holdings, Inc. will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.41, reflecting a 920% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $3.82 billion, reflecting a 2.87% fall from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.22 per share and a revenue of $15.26 billion, representing changes of +1209.09% and -4.93%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Kyndryl Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Kyndryl Holdings, Inc. holds 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 28.64 right now. Its industry sports an average Forward P/E of 25.61, so one might conclude that Kyndryl Holdings, Inc. is trading at a premium comparatively.
One should further note that KD currently holds a PEG ratio of 5.73. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Technology Services industry had an average PEG ratio of 1.47 as trading concluded yesterday.