Kyndryl Holdings Inc reports results for the quarter ended December 31 - Earnings Summary

Kyndryl Holdings

03/02/2025 22:02

* Kyndryl Holdings Inc  KD.N  reported quarterly adjusted
earnings
of 89 cents​​ per share for the quarter ended December 31,
higher than the same quarter last year, when the company
reported EPS of -5 cents.  The mean expectation of five analysts
for the quarter was for earnings of 26 cents per share. Wall
Street expected results to range from 19 cents to 39 cents per
share.
    * Revenue fell 4.9% to $3.74 billion from a year ago;
analysts
expected $3.81 billion. 
    * Kyndryl Holdings Inc's reported EPS for the quarter was 89
cents​.
    * The company reported quarterly net income of $215 million.
    * Kyndryl Holdings Inc shares had risen by 9.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for Kyndryl Holdings
Inc is $40.00 
This summary was machine generated from LSEG data February 3 at
10:02 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.26           0.89           Beat
 Sep. 30 2024      -0.24          -0.19          Beat
 Jun. 30 2024      0.03           0.05           Beat
 Mar. 31 2024      -0.22          -0.20          Beat