Kyndryl (US:KD) ZACKSยท2024-07-08 23:21Company Overview - Kyndryl Holdings, Inc. is expected to report earnings of $1.38 per share and revenue of $15.38 billion for the entire year, reflecting a significant increase in earnings of +1354.55% but a revenue decline of -6.57% compared to the previous year [1] - The company closed at $26 in the latest trading session, marking a +0.31% change from the previous day, outperforming the S&P 500's 0.1% gain [7] Valuation Metrics - Kyndryl Holdings, Inc. is currently trading at a Forward P/E ratio of 18.82, which is below the industry average Forward P/E of 22.17, indicating a potential discount [2] - The company has a PEG ratio of 3.76, compared to the average PEG ratio of 1.45 for the Technology Services industry, suggesting that the company's projected earnings growth is not being fully reflected in its valuation [9] Analyst Estimates and Market Performance - Recent changes to analyst estimates for Kyndryl Holdings, Inc. indicate a positive outlook, with a 21.65% rise in the Zacks Consensus EPS estimate over the past month [11] - The upcoming earnings disclosure is anticipated to show revenue of $3.78 billion, which represents a 9.86% decline compared to the same quarter last year [10] - Kyndryl Holdings, Inc. currently holds a Zacks Rank of 1 (Strong Buy), reflecting strong analyst confidence in the company's performance [11] Industry Context - The Technology Services industry, which includes Kyndryl Holdings, Inc., holds a Zacks Industry Rank of 62, placing it in the top 25% of over 250 industries [6] - The Business Services sector, of which the Technology Services industry is a part, has seen Kyndryl's shares lag behind, with a -0.77% decline over the past month compared to a 2.1% gain in the sector and a 4.08% gain in the S&P 500 [4]