Kyndryl (KD) Set to Announce Quarterly Earnings on Tuesday

Kyndryl (NYSE:KD) will post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Kyndryl to post earnings of ($0.12) per share for the quarter. Kyndryl has set its FY 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Kyndryl (NYSE:KD) last issued its quarterly earnings results on Tuesday, February 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.14). The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.89 billion. Kyndryl had a negative return on equity of 7.39% and a negative net margin of 6.27%. On average, analysts expect Kyndryl to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Kyndryl Price Performance

Shares of Kyndryl stock opened at $20.55 on Monday. The business’s 50-day moving average price is $21.23 and its 200-day moving average price is $19.82. The firm has a market capitalization of $4.73 billion, a PE ratio of -4.53, a price-to-earnings-growth ratio of 5.79 and a beta of 1.57. Kyndryl has a 12 month low of $11.35 and a 12 month high of $22.90. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.03.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Susquehanna upgraded shares of Kyndryl from a “neutral” rating to a “positive” rating and increased their price target for the company from $19.00 to $27.00 in a research report on Monday, February 12th. Evercore ISI raised shares of Kyndryl from an “in-line” rating to an “outperform” rating and set a $26.00 target price on the stock in a report on Monday, January 8th.

About Kyndryl

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.