Q3 EPS Forecast for Planet Labs PBC Increased by Analyst

Key Points

• Northland Securities raised Planet Labs’ Q3 2027 EPS forecast to a loss of $0.07 per share from a previous estimate of $0.08, while projecting continued losses through FY2028.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $32.77; Needham also cut its target to $40 while retaining a buy rating.
• Planet Labs recently exceeded quarterly expectations, reporting $0.02 EPS versus a projected $0.02 loss and revenue of $116.05 million, up 58.2% year over year, although the stock was trading down 3.5% and insiders have recently sold shares.

Planet Labs PBC (NYSE:PL - Free Report) - Northland Securities increased their Q3 2027 earnings estimates for shares of Planet Labs PBC in a note issued to investors on Friday, September 4th. Northland Securities analyst M. Latimore now anticipates that the company will post earnings per share of ($0.07) for the quarter, up from their previous estimate of ($0.08). The consensus estimate for Planet Labs PBC's current full-year earnings is ($0.92) per share. Northland Securities also issued estimates for Planet Labs PBC's Q4 2027 earnings at ($0.08) EPS, FY2027 earnings at ($0.58) EPS, Q3 2028 earnings at ($0.06) EPS and Q4 2028 earnings at ($0.06) EPS.

A number of other equities analysts have also recently issued reports on PL. Zacks Research upgraded Planet Labs PBC from a "strong sell" rating to a "hold" rating in a report on Thursday, July 2nd. Wedbush began coverage on Planet Labs PBC in a report on Wednesday, July 1st. They issued an "outperform" rating and a $50.00 price target on the stock. Citigroup cut Planet Labs PBC from a "market perform" rating to a "hold" rating in a research report on Friday, September 4th. Weiss Ratings raised Planet Labs PBC from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, June 15th. Finally, Needham & Company LLC cut their target price on Planet Labs PBC from $53.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $32.77.

Planet Labs PBC Trading Down 3.5%

Shares of NYSE:PL opened at $17.18 on Thursday. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of -15.62 and a beta of 2.10. Planet Labs PBC has a 12 month low of $8.60 and a 12 month high of $51.76. The company's fifty day simple moving average is $22.81 and its 200 day simple moving average is $29.96. The company has a quick ratio of 2.82, a current ratio of 2.84 and a debt-to-equity ratio of 0.79.

Planet Labs PBC (NYSE:PL - Get Free Report) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. Planet Labs PBC had a negative net margin of 95.13% and a negative return on equity of 93.11%. The company had revenue of $116.05 million during the quarter, compared to analysts' expectations of $104.53 million. During the same quarter in the prior year, the company earned ($0.07) earnings per share. The business's quarterly revenue was up 58.2% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PL. American Capital Advisory LLC acquired a new position in shares of Planet Labs PBC during the 1st quarter worth approximately $28,000. Western Wealth Management LLC acquired a new stake in shares of Planet Labs PBC in the 1st quarter valued at approximately $28,000. Pittenger & Anderson Inc. grew its stake in shares of Planet Labs PBC by 40.9% in the first quarter. Pittenger & Anderson Inc. now owns 1,360 shares of the company's stock valued at $38,000 after buying an additional 395 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Planet Labs PBC in the first quarter valued at $41,000. Finally, Parkside Financial Bank & Trust increased its holdings in Planet Labs PBC by 92.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,550 shares of the company's stock worth $31,000 after buying an additional 745 shares during the last quarter. 41.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Planet Labs PBC news, insider Robert Schingler sold 25,000 shares of the business's stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $25.92, for a total transaction of $648,000.00. Following the sale, the insider directly owned 225,171 shares of the company's stock, valued at $5,836,432.32. The trade was a 9.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John W. Raymond sold 6,494 shares of the stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $26.16, for a total transaction of $169,883.04. Following the transaction, the director owned 37,114 shares of the company's stock, valued at approximately $970,902.24. This represents a 14.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 171,122 shares of company stock valued at $4,148,906 in the last three months. 16.42% of the stock is currently owned by corporate insiders.

About Planet Labs PBC

Planet Labs PBC is a public benefit corporation that operates one of the largest fleets of Earth-imaging satellites, providing high-frequency, high-resolution imagery and data analytics to a broad range of industries. The company's multi-spectral satellite constellation captures daily snapshots of the planet, enabling clients to monitor changes in agriculture, forestry, urban development, energy infrastructure and environmental conditions. Planet's imagery platform is designed to support timely decision-making by transforming raw satellite data into actionable insights for business and government users.

Founded in 2010 by former NASA scientists Will Marshall, Robbie Schingler and Chris Boshuizen, Planet Labs grew from a small startup into a key provider in the satellite imaging sector.

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