Kyndryl Holdings, Inc. (KD) Rises Higher Than Market: Key Facts

Kyndryl Holdings, Inc. (KD) closed the most recent trading day at $30.51, moving +1.63% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.06%. On the other hand, the Dow registered a gain of 0.17%, and the technology-centric Nasdaq increased by 0.39%. The stock of company has fallen by 6.22% in the past month, lagging the Business Services sector's gain of 0.95% and the S&P 500's gain of 3.94%.The investment community will be paying close attention to the earnings performance of Kyndryl Holdings, Inc. in its upcoming release. The company is forecasted to report an EPS of $0.39, showcasing a 3800% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $3.84 billion, up 1.78% from the prior-year quarter. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.2 per share and revenue of $15.65 billion, indicating changes of +84.87% and +3.92%, respectively, compared to the previous year. Any recent changes to analyst estimates for Kyndryl Holdings, Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 a 1.28% fall in the Zacks Consensus EPS estimate. As of now, Kyndryl Holdings, Inc. holds a Zacks Rank of #5 (Strong Sell). Investors should also note Kyndryl Holdings, Inc.'s current valuation metrics, including its Forward P/E ratio of 13.63. For comparison, its industry has an average Forward P/E of 22.1, which means Kyndryl Holdings, Inc. is trading at a discount to the group. We can also see that KD currently has a PEG ratio of 2.72. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Technology Services industry had an average PEG ratio of 1.83. The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 63, placing it within the top 26% 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. You can find more information on all of these metrics, and much more, on Zacks.com. 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