Kyndryl (NYSE:KD) Issues Earnings Results, Beats Expectations By $0.11 EPS

Kyndryl (NYSE:KD) announced its quarterly earnings data on Tuesday. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.11, Briefing.com reports. Kyndryl had a negative net margin of 6.27% and a negative return on equity of 7.39%. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the firm earned ($0.21) earnings per share. The firm’s revenue was down 9.5% compared to the same quarter last year.

Kyndryl Price Performance

NYSE KD traded up $0.75 during trading on Friday, reaching $27.13. 1,117,041 shares of the company traded hands, compared to its average volume of 1,632,239. Kyndryl has a 1-year low of $11.35 and a 1-year high of $27.20. The stock’s 50 day moving average price is $21.37 and its two-hundred day moving average price is $20.00. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $6.24 billion, a price-to-earnings ratio of -5.82, a P/E/G ratio of 5.79 and a beta of 1.57.

Wall Street Analysts Forecast Growth

Separately, Susquehanna upped their target price on Kyndryl from $27.00 to $33.00 and gave the stock a “positive” rating in a research report on Thursday.

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.