Picture of Kyndryl Holdings logo

KD — Kyndryl Holdings News Story

0.000.00%
us flag iconLast trade - 00:00
TechnologyAdventurousMid CapContrarian

Kyndryl Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

Kyndryl Holdings Inc KD.N reported quarterly adjusted earnings of 37 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 5 cents.  The mean expectation of four analysts for the quarter was for earnings of 31 cents per share. Wall Street expected results to range from 26 cents to 37 cents per share.

Revenue rose 0.1% to $3.74 billion from a year ago; analysts expected $3.80 billion.

Kyndryl Holdings Inc's reported EPS for the quarter was 23 cents​.

The company reported quarterly net income of $56 million.

Kyndryl Holdings Inc shares had fallen by 13.3% this quarter and gained 5.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 3.1% 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 $46.73, about 21.5% above its last closing price of $36.70

This summary was machine generated from LSEG data August 4 at 09:02 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.310.37Beat
Mar. 31 20250.360.28Missed
Dec. 31 20240.260.89Beat
Sep. 30 2024-0.24-0.19Beat

Recent news on Kyndryl Holdings

See all news