Kyndryl Holdings Inc expected to post a loss of 22 cents a share - Earnings Preview

Kyndryl Holdings

04/05/2024 02:37

* Kyndryl Holdings Inc  KD.N   KD  is expected to show a
fall in
quarterly revenue when it reports  results on May 7 for the
period ending March 31 2024
    * The New York City-based  company is expected to report a
11.6% decrease in revenue to $3.761 billion from $4.26 billion a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Kyndryl Holdings Inc is
for a
loss of 22 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Kyndryl
Holdings
Inc is $27.00​, above​ its last closing price of $20.54. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.26       -0.26      -0.05     Beat    80.8
 Sep. 30 2023  -0.65       -0.65      -0.62     Beat    5
 Jun. 30 2023  -0.95       -0.91      0.00      Beat    100​
 Mar. 31 2023  -1.23       -1.03      -3.24     Missed  -213.5
 ​​Jan.        -0.80       -0.81      -0.47     Beat    42
 1 0001                                                 
 Sep. 30 2022  -0.83       -0.84      -1.24     Missed  -46.7​
 Jun. 30 2022  -1.04       -1.07      -1.11     Missed  -3.7
 Mar. 31 2022  -0.86       -0.86      -1.02     Missed  -18.6
 This summary was machine generated May 4 at 01:37 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)