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

Kyndryl Holdings

07/02/2024 02:11

* Kyndryl Holdings Inc  KD.N  reported a quarterly adjusted
loss
of 5 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of -47 cents.  The mean expectation of four analysts for the
quarter was for a loss of 26 cents per share. Wall Street
expected results to range from -39 cents to -17 cents per share.
    * Revenue fell 8.5% to $3.94 billion from a year ago;
analysts
expected $3.92 billion. 
    * Kyndryl Holdings Inc's reported EPS for the quarter was a
loss
of 5 cents​.
    * The company reported a quarterly loss of $12 million.
    * Kyndryl Holdings Inc shares had fallen by 2.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 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 $25.00 
This summary was machine generated from LSEG data February 7 at
02:11 a.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 2023      -0.26          -0.05          Beat
 Sep. 30 2023      -0.65          -0.62          Beat
 Jun. 30 2023      -0.91          0.00           Beat
 Mar. 31 2023      -1.03          -3.24          Missed