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Kyndryl Holdings, Inc. (KD) Laps the Stock Market: Here's Why
ZACKS· 2025-01-29 00:21
Core Points - Kyndryl Holdings, Inc. (KD) closed at $38.42, reflecting a +1.29% change from the previous session, outperforming the S&P 500's daily gain of 0.92% [1] - Over the past month, KD shares have increased by 9.85%, surpassing the Business Services sector's gain of 2.44% and the S&P 500's gain of 0.81% [1] Earnings Performance - Kyndryl is set to release earnings on February 3, 2025, with an anticipated EPS of $0.41, representing a 920% increase year-over-year [2] - Revenue is forecasted at $3.82 billion, indicating a 2.87% decline compared to the same quarter last year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict earnings of $1.14 per share and revenue of $15.26 billion, reflecting shifts of +1136.36% and -4.93% respectively from the previous year [3] - Recent changes to analyst estimates may indicate shifting near-term business trends, with positive revisions seen as a favorable sign for the company's outlook [3] Valuation Metrics - Kyndryl's Forward P/E ratio stands at 33.17, higher than the industry average of 23.5, suggesting the company is trading at a premium [6] - The PEG ratio is currently at 6.63, compared to the Technology Services industry's average PEG ratio of 1.53 [7] Industry Ranking - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 87, placing it in the top 35% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]
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
The latest trading session saw Kyndryl Holdings, Inc. (KD) ending at $34.41, denoting a -0.29% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 0.73%. At the same time, the Dow added 0.16%, and the tech-heavy Nasdaq gained 0.98%.The company's stock has climbed by 4.42% in the past month, exceeding the Business Services sector's gain of 0.33% and the S&P 500's gain of 0.34%.Analysts and investors alike will be keeping a close eye on the performance of Kyndr ...
Why Kyndryl Holdings, Inc. (KD) Dipped More Than Broader Market Today
ZACKS· 2024-12-18 00:01
Kyndryl Holdings, Inc. (KD) closed the latest trading day at $35.39, indicating a -0.78% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.39%. Meanwhile, the Dow lost 0.61%, and the Nasdaq, a tech-heavy index, lost 0.32%.The company's stock has climbed by 27.12% in the past month, exceeding the Business Services sector's gain of 3% and the S&P 500's gain of 3.6%.The upcoming earnings release of Kyndryl Holdings, Inc. will be of great interest to inves ...
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
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Kyndryl Holdings, Inc. (KD) .Kyndryl Holdings, Inc. currently has ...
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 ...