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

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

Kyndryl Price Performance

NYSE KD traded up $4.72 on Wednesday, reaching $25.49. 4,164,306 shares of the stock traded hands, compared to its average volume of 1,578,135. Kyndryl has a 12 month low of $11.35 and a 12 month high of $25.80. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.03. The firm’s fifty day simple moving average is $21.20 and its 200 day simple moving average is $19.91. The company has a market cap of $5.87 billion, a price-to-earnings ratio of -5.58, a P/E/G ratio of 5.79 and a beta of 1.57.

Analyst Ratings Changes

Separately, Susquehanna upgraded shares of Kyndryl from a “neutral” rating to a “positive” rating and raised their price target for the company from $19.00 to $27.00 in a research note on Monday, February 12th.

About Kyndryl

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.