Why Kyndryl Holdings, Inc. (KD) Dipped More Than Broader Market Today

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]