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

Kyndryl Holdings Inc KD.N reported quarterly adjusted earnings of 28 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -20 cents.  The mean expectation of five analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 22 cents to 48 cents per share.

Revenue fell 1.3% to $3.80 billion from a year ago; analysts expected $3.77 billion.

Kyndryl Holdings Inc's reported EPS for the quarter was 28 cents​.

The company reported quarterly net income of $68 million.

Kyndryl Holdings Inc shares had risen by 6.0% this quarter and lost 3.8% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 0.7% 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 6 "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 $43.00

This summary was machine generated from LSEG data May 8 at 03:42 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Mar. 31 20250.360.28Missed
Dec. 31 20240.260.89Beat
Sep. 30 2024-0.24-0.19Beat
Jun. 30 20240.030.05Beat

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