Kyndryl (KD) Scheduled to Post Quarterly Earnings on Tuesday

Kyndryl (NYSE:KD) will be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Kyndryl has set its FY 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Kyndryl (NYSE:KD) last posted its earnings results on Tuesday, February 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.14). Kyndryl had a negative return on equity of 7.39% and a negative net margin of 6.27%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.89 billion. On average, analysts expect Kyndryl to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Kyndryl Trading Up 3.3 %

Shares of Kyndryl stock opened at $20.54 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.03. Kyndryl has a 52 week low of $11.35 and a 52 week high of $22.90. The business’s fifty day simple moving average is $21.23 and its 200-day simple moving average is $19.79.

Analysts Set New Price Targets

Several brokerages have weighed in on KD. Susquehanna raised shares of Kyndryl from a “neutral” rating to a “positive” rating and increased their target price for the stock from $19.00 to $27.00 in a research note on Monday, February 12th. Evercore ISI raised shares of Kyndryl from an “in-line” rating to an “outperform” rating and set a $26.00 price objective for the company in a research report on Monday, January 8th.

Kyndryl Company Profile

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.