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Kyndryl Holdings Incorporation (KD)
NYSE:KD
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.43Last Year’s EPS
-$0.05Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 43.02%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in signings and strong financial performance, particularly in Kyndryl Consult and hyperscaler-related services. Despite a decline in overall revenue, the company is positioned for growth in the upcoming quarters, supported by strategic investments and partnerships.Company Guidance
During Kyndryl's Q2 2025 earnings call, the company highlighted significant progress in key financial metrics, including a 33% increase in signings over the past year, reaching $16 billion, and achieving a record quarter for signings post-spin. Notably, they secured 10 deals exceeding $100 million each, with the largest generating over $2 billion in revenue over five years. Adjusted pre-tax earnings saw substantial year-over-year growth, and strong momentum was reported in Kyndryl Consult, with revenues up 23% and signings up 81%. The company projects $1 billion in hyperscaler-related revenue for the fiscal year, reflecting a doubling from the previous year. Kyndryl maintains an outlook for fiscal 2025 with at least $460 million in adjusted pre-tax income, driven by high single-digit margins on new signings and strategic initiatives across alliances, accounts, and advanced delivery.Record Signings Growth
Kyndryl achieved a record post-spin quarter for signings, growing 33% over the last 12 months to $16 billion. The quarter included 10 deals of more than $100 million, with the largest deal generating more than $2 billion in revenue over the next 5 years.
Strong Financial Performance
Adjusted pretax earnings were up substantially year-over-year, with a forecast for fiscal 2025 adjusted pretax income of at least $460 million, reflecting an increase of at least $295 million year-over-year. Adjusted EBITDA margin was 14.8% for the quarter.
Kyndryl Consult Growth
Kyndryl Consult revenue grew 23% year-over-year, with consult signings up 81%. This segment is now a $2.5 billion plus revenue stream, demonstrating significant growth potential.
Hyperscaler Revenue Surge
Revenue from hyperscaler-related services doubled from the previous fiscal year, expected to reach $1 billion in fiscal 2025.
Positive Outlook for Revenue Growth
Kyndryl expects to return to year-over-year revenue growth in the fourth quarter, with a projected decline of 2% to 4% in constant currency for fiscal 2025.
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KD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $24.13 | $27.55 | +14.17% |
| Jul 31, 2024 | $26.87 | $23.49 | -12.58% |
| May 07, 2024 | $20.77 | $26.55 | +27.83% |
| Feb 06, 2024 | $20.34 | $20.69 | +1.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kyndryl Holdings Incorporation (KD) report earnings?
Kyndryl Holdings Incorporation (KD) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Kyndryl Holdings Incorporation (KD) earnings time?
Kyndryl Holdings Incorporation (KD) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KD EPS forecast?
KD EPS forecast for the fiscal quarter 2025 (Q3) is $0.43.
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