Kyndryl Holdings, Inc. (KD) Dips More Than Broader Market: What You Should Know

Kyndryl Holdings, Inc. (KD) closed at $30.62 in the latest trading session, marking a -2.89% move from the prior day. This change lagged the S&P 500's 0.5% loss on the day. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, lost 0.5%. The stock of company has risen by 0% in the past month, leading the Business Services sector's loss of 0.74% and undershooting the S&P 500's gain of 2.74%.The investment community will be closely monitoring the performance of Kyndryl Holdings, Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.33, marking a 3200% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $3.82 billion, reflecting a 1.3% rise from the equivalent quarter last year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.21 per share and revenue of $15.68 billion, indicating changes of +85.71% and +4.17%, respectively, compared to the previous year. Investors should also note any recent changes to analyst estimates for Kyndryl Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 moved 0.73% lower. Right now, Kyndryl Holdings, Inc. possesses a Zacks Rank of #4 (Sell). With respect to valuation, Kyndryl Holdings, Inc. is currently being traded at a Forward P/E ratio of 14.27. This represents a discount compared to its industry average Forward P/E of 21.57. Meanwhile, KD's PEG ratio is currently 2.85. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Technology Services industry held an average PEG ratio of 1.87. The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 84, placing it within the top 35% of over 250 industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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. Free Report: Profiting from the 2nd Wave of AI ExplosionThe next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.Investors who bought shares like Nvidia at the right time have had a shot at huge gains.But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.Access AI Boom 2.0 now, absolutely 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