Here's Why Kyndryl Holdings, Inc. (KD) Fell More Than Broader Market

Kyndryl Holdings, Inc. (KD) closed the most recent trading day at $26.59, moving -1.88% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.14%. Meanwhile, the Dow lost 0.2%, and the Nasdaq, a tech-heavy index, lost 0.24%. The company's shares have seen an increase of 4.59% over the last month, surpassing the Business Services sector's gain of 3.18% and the S&P 500's gain of 0.94%.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 $0.6, marking a 17.65% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $3.91 billion, up 4.51% from the prior-year quarter. For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.23 per share and a revenue of $15.61 billion, signifying shifts of +87.39% and +3.66%, respectively, from the last year. It's also important for investors to be aware of any recent modifications to analyst estimates for Kyndryl Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.18% upward. Kyndryl Holdings, Inc. is currently a Zacks Rank #3 (Hold). Digging into valuation, Kyndryl Holdings, Inc. currently has a Forward P/E ratio of 12.13. For comparison, its industry has an average Forward P/E of 18.83, 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 industry, currently bearing a Zacks Industry Rank of 95, finds itself in the top 39% echelons of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. #1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>Want 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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks