Kyndryl (KD)

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KYNDRYL TO RELEASE QUARTERLY RESULTS ON FEBRUARY 3, 2025
Prnewswire· 2025-01-14 21:15
Core Viewpoint - Kyndryl Holdings, Inc. will announce its financial results for the third quarter of its 2025 fiscal year on February 3, 2025, followed by an earnings call on February 4, 2025 [1]. Group 1 - The earnings results will cover the quarter ended December 31, 2024 [1]. - The earnings call will be hosted by Chairman and CEO Martin Schroeter and CFO David Wyshner at 8:30 a.m. ET [1]. - A live webcast of the earnings call will be available on Kyndryl's investor relations website [2]. Group 2 - Kyndryl is recognized as the world's largest IT infrastructure services provider, operating in over 60 countries [3]. - The company serves thousands of enterprise customers and focuses on designing, building, managing, and modernizing critical information systems [3].
Kyndryl Holdings, Inc. (KD) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2024-12-24 00:21
Company Performance - The company's stock has increased by 4.42% in the past month, outperforming the Business Services sector's gain of 0.33% and the S&P 500's gain of 0.34% [1] - The latest trading session saw Kyndryl Holdings, Inc. (KD) closing at $34.41, reflecting a -0.29% change from the previous day's close, which was below the S&P 500's daily gain of 0.73% [8] Earnings and Revenue Estimates - For the entire fiscal year, the Zacks Consensus Estimates project earnings of $1.22 per share and revenue of $15.26 billion, representing changes of +1209.09% and -4.93% from the prior year, respectively [5] - The company is forecasted to report an EPS of $0.41, indicating a 920% increase from the corresponding quarter of the prior year, while the revenue is expected to be $3.82 billion, showing a 2.87% decline compared to the same quarter last year [9] Valuation Metrics - Kyndryl Holdings, Inc. is currently trading at a Forward P/E ratio of 28.38, which is a premium compared to its industry's Forward P/E of 26.46 [3] - The company has a PEG ratio of 5.68, significantly higher than the average PEG ratio of 1.5 for the Technology Services industry [11] Analyst Ratings and Industry Ranking - Kyndryl Holdings, Inc. currently holds a Zacks Rank of 3 (Hold), with no changes in the Zacks Consensus EPS estimate over the past month [6] - The Technology Services industry, which includes Kyndryl, has a Zacks Industry Rank of 64, placing it in the top 26% of all 250+ industries [7]
Why Kyndryl Holdings, Inc. (KD) Dipped More Than Broader Market Today
ZACKS· 2024-12-18 00:01
Company Performance - Kyndryl Holdings, Inc. closed at $35.39, reflecting a -0.78% change from the previous session, underperforming the S&P 500 which lost 0.39% [1] - The stock has increased by 27.12% over the past month, outperforming the Business Services sector's gain of 3% and the S&P 500's gain of 3.6% [1] Earnings Forecast - The upcoming earnings release is anticipated, with a forecasted EPS of $0.41, representing a 920% increase from the same quarter last year [2] - Revenue is expected to be $3.82 billion, indicating a 2.87% decrease compared to the same quarter of the previous year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $1.22 per share, reflecting a +1209.09% change from the prior year, while revenue is estimated at $15.26 billion, showing a -4.93% change [3] Analyst Projections - Recent shifts in analyst projections should be monitored as they indicate changing near-term business trends, with positive estimate revisions seen as a favorable sign for the company's outlook [4] Zacks Rank and Valuation - Kyndryl Holdings, Inc. currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [6] - The company has a Forward P/E ratio of 29.29, which is a premium compared to the industry average of 28.14, and a PEG ratio of 5.86, compared to the industry average of 1.59 [7] Industry Context - The Technology Services industry, part of the Business Services sector, has a Zacks Industry Rank of 73, placing it in the top 30% of over 250 industries [8]
The Kyndryl Institute Launches as a Convener of Ideas and Insights
Prnewswire· 2024-12-17 13:00
Kyndryl deepens its thought leadership at the intersection of business and technology by offering perspectives from eminent voices to guide organizations competing in an age of transformationNEW YORK, Dec. 17, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today launched The Kyndryl Institute as a convener of original ideas and insights that introduce fresh perspectives on innovation at the intersection of technology and business.In today's fast-paced digit ...
Wall Street Bulls Look Optimistic About Kyndryl Holdings, Inc. (KD): Should You Buy?
ZACKS· 2024-12-13 15:30
Group 1: Brokerage Recommendations - Kyndryl Holdings, Inc. has an average brokerage recommendation (ABR) of 1.33, indicating a consensus between Strong Buy and Buy, with 83.3% of recommendations being Strong Buy from six brokerage firms [2][4] - The ABR should not be the sole basis for investment decisions, as studies show limited success of brokerage recommendations in identifying stocks with the best price increase potential [4][9] - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, often issuing five "Strong Buy" recommendations for every "Strong Sell" [5][9] Group 2: Zacks Rank vs. ABR - The Zacks Rank is a proprietary stock rating tool that classifies stocks into five groups based on earnings estimate revisions, providing a more reliable indicator of near-term price performance compared to ABR [7][10] - Unlike ABR, which may not be up-to-date, the Zacks Rank reflects timely earnings estimate revisions, making it a more effective tool for predicting future stock prices [11] - The Zacks Consensus Estimate for Kyndryl Holdings, Inc. has remained unchanged at $1.22, suggesting that analysts' steady views may lead to performance in line with the broader market [12][13] Group 3: Current Investment Outlook - Kyndryl Holdings, Inc. currently holds a Zacks Rank of 3 (Hold), indicating a cautious approach despite the Buy-equivalent ABR [13]
Kyndryl Earns 2024 Great Place To Work Certification™ in Multiple Countries
Prnewswire· 2024-12-11 14:00
Company Has Earned Top Honors in 60 Global Employer Awards NEW YORK, Dec. 11, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, is proud to be Certified™ by Great Place To Work® in Czechia, France, Hungary, India, Japan, Poland, the United Kingdom, and the United States. The prestigious award is based entirely on what current employees say about their experience working at Kyndryl. Great Place To Work® is the global authority on workplace culture, employee exp ...
Kyndryl and Nokia announce expanded portfolio of partnership solutions to bring advanced data center networking services to enterprises
Prnewswire· 2024-12-04 11:00
Expansion of partnership solutions aimed at enterprise IT data center growth and modernization to support strategic digital transformation initiativesNEW YORK and ESPOO, Finland, Dec. 4, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, and Nokia today announced an expansion of their partnership portfolio to offer advanced data center networking solutions and services to global enterprises.By combining Kyndryl's enterprise knowledge and experience in designing ...
Kyndryl Holdings: A Strategic Turnaround That Signals A Strong Buy
Seeking Alpha· 2024-11-28 15:33
Kyndryl Holdings, Inc. (NYSE: KD ) is a multinational IT services and infrastructure solutions provider that spun off from IBM in late 2021. The company helps clients across a wide array of industries to modernize their IT systems andI specialize in analyzing individual stocks. With a strong educational background in both finance and economics, I’ve developed a deep fascination with the stock market and the potential it offers to investors at all levels. I keep a close watch on market trends, particularly i ...
KYNDRYL OUTLINES GROWTH STRATEGY AT 2024 INVESTOR DAY
Prnewswire· 2024-11-21 16:57
Poised for ongoing annual revenue growth, margin expansion and significant cash flow generation Board authorizes $300 million share repurchase programNEW YORK, Nov. 21, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today hosted its 2024 Investor Day. At the event, senior management outlined the Company's growth strategy, multi-year outlook and capital allocation priorities, including initiating a $300 million share repurchase program."Sinc ...
KYNDRYL ANNOUNCES $300 MILLION SHARE REPURCHASE AUTHORIZATION
Prnewswire· 2024-11-21 12:30
NEW YORK, Nov. 21, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today announced that its Board of Directors has authorized a $300 million share repurchase program."Our share repurchase authorization reflects the confidence we have in our business and our outlook for profitable growth," said Martin Schroeter, Kyndryl Chairman and Chief Executive Officer. "Our significant progress in expanding our margins and generating free cash flow is all ...