Northland Capmk Forecasts Planet Labs PBC FY2028 Earnings

Key Points

• Analyst M. Latimore from Northland Capmk forecasts that Planet Labs PBC will report a full-year earnings per share (EPS) of ($0.24) for FY2028, an improvement from the current consensus estimate of ($0.37) per share.
• In its latest quarter, Planet Labs PBC missed earnings estimates with a reported EPS of (0.07), while revenue was up 20.1% year-over-year, reaching $73.39 million.
• Planet Labs has seen a significant increase in holdings from institutional investors, with Connor Clark & Lunn Investment Management boosting its stake by 245.7% during the second quarter.

Planet Labs PBC (NYSE:PL - Free Report) - Equities researchers at Northland Capmk issued their FY2028 EPS estimates for shares of Planet Labs PBC in a note issued to investors on Sunday, October 19th. Northland Capmk analyst M. Latimore forecasts that the company will post earnings of ($0.24) per share for the year. The consensus estimate for Planet Labs PBC's current full-year earnings is ($0.37) per share.

Planet Labs PBC (NYSE:PL - Get Free Report) last announced its quarterly earnings results on Monday, September 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The business had revenue of $73.39 million during the quarter, compared to analyst estimates of $65.88 million. Planet Labs PBC had a negative net margin of 34.46% and a negative return on equity of 20.25%. The company's revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.06) earnings per share. Planet Labs PBC has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS.

PL has been the topic of a number of other research reports. Wedbush boosted their target price on shares of Planet Labs PBC from $11.00 to $17.00 and gave the company an "outperform" rating in a research report on Thursday, October 2nd. Citigroup reiterated an "outperform" rating on shares of Planet Labs PBC in a research note on Tuesday, September 9th. Citizens Jmp lowered shares of Planet Labs PBC from a "mkt outperform" rating to a "market perform" rating in a research report on Tuesday. The Goldman Sachs Group assumed coverage on shares of Planet Labs PBC in a research report on Monday, June 30th. They set a "neutral" rating and a $4.60 price target for the company. Finally, JMP Securities restated a "market perform" rating on shares of Planet Labs PBC in a research report on Tuesday. Eight analysts have rated the stock with a Buy rating, three have issued 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 "Moderate Buy" and an average target price of $11.26.

Planet Labs PBC Stock Performance

Shares of NYSE PL opened at $13.56 on Tuesday. The company has a market capitalization of $4.18 billion, a P/E ratio of -45.20 and a beta of 1.99. Planet Labs PBC has a 52-week low of $2.18 and a 52-week high of $16.78. The company's 50 day moving average price is $10.36 and its 200-day moving average price is $6.80.

Institutional Investors Weigh In On Planet Labs PBC

Several institutional investors and hedge funds have recently modified their holdings of PL. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Planet Labs PBC by 245.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,453,131 shares of the company's stock valued at $14,964,000 after buying an additional 1,743,474 shares in the last quarter. Marshall Wace LLP increased its position in shares of Planet Labs PBC by 10,305.7% during the 2nd quarter. Marshall Wace LLP now owns 1,509,248 shares of the company's stock valued at $9,206,000 after purchasing an additional 1,494,744 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Planet Labs PBC during the 2nd quarter valued at about $7,723,000. Bank of America Corp DE increased its holdings in Planet Labs PBC by 477.9% in the 2nd quarter. Bank of America Corp DE now owns 1,349,603 shares of the company's stock worth $8,233,000 after acquiring an additional 1,116,055 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Planet Labs PBC by 415.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,326,337 shares of the company's stock worth $8,091,000 after acquiring an additional 1,068,978 shares in the last quarter. 41.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Planet Labs PBC

In other Planet Labs PBC news, insider Robert H. Schingler sold 81,656 shares of Planet Labs PBC stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $15.50, for a total transaction of $1,265,668.00. Following the transaction, the insider directly owned 1,288,843 shares of the company's stock, valued at approximately $19,977,066.50. This trade represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 17.53% of the company's stock.

Planet Labs PBC Company Profile

Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company's platform offers planet monitoring, basemap, tasking, apps, and application programming interfaces, as well as analytics and planetary variables.

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