Kyndryl Holdings, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Kyndryl Holdings, Inc. KD.N reported quarterly adjusted earnings of 42 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 38 cents. The mean expectation of six analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 36 cents to 46 cents per share.

• Revenue fell 1.9% to $3.65 billion from a year ago; analysts expected $3.62 billion.

• Kyndryl Holdings, Inc.'s reported EPS for the quarter was 27 cents​.

• The company reported quarterly net income of $59 million.

• Kyndryl Holdings, Inc. shares had risen by 14.9% this quarter and lost 51.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is "buy."

• Wall Street's median 12-month price target for Kyndryl Holdings, Inc. is $13.45, about 3.8% above its last closing price of $12.94

This summary was machine generated from LSEG data November 4 at 01:46 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)