Equities Analysts Set Expectations for Planet Labs PBC's Q1 2026 Earnings (NYSE:PL)

Planet Labs PBC (NYSE:PL - Free Report) - Investment analysts at Northland Capmk issued their Q1 2026 earnings estimates for shares of Planet Labs PBC in a note issued to investors on Monday, April 1st. Northland Capmk analyst M. Latimore forecasts that the company will post earnings per share of ($0.08) for the quarter. The consensus estimate for Planet Labs PBC's current full-year earnings is ($0.46) per share. Northland Capmk also issued estimates for Planet Labs PBC's Q2 2026 earnings at ($0.08) EPS, Q3 2026 earnings at ($0.08) EPS and Q4 2026 earnings at ($0.08) EPS.

Other analysts have also recently issued research reports about the stock. Needham & Company LLC reiterated a "buy" rating and issued a $7.00 price objective on shares of Planet Labs PBC in a research note on Monday. Craig Hallum cut shares of Planet Labs PBC from a "buy" rating to a "hold" rating and set a $3.00 price objective for the company. in a research note on Friday, December 8th. JMP Securities reduced their price objective on shares of Planet Labs PBC from $5.50 to $4.00 and set a "market outperform" rating for the company in a research note on Monday. Finally, Benchmark reduced their price objective on shares of Planet Labs PBC from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $5.49.

Planet Labs PBC Stock Down 1.4 %

Shares of NYSE PL traded down $0.03 during midday trading on Wednesday, hitting $2.13. The company had a trading volume of 1,219,781 shares, compared to its average volume of 1,263,373. Planet Labs PBC has a twelve month low of $1.99 and a twelve month high of $5.00. The business has a 50-day simple moving average of $2.27 and a two-hundred day simple moving average of $2.34. The firm has a market capitalization of $612.64 million, a price-to-earnings ratio of -4.25 and a beta of 0.79.

Institutional Investors Weigh In On Planet Labs PBC

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Planet Labs PBC by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 18,276,242 shares of the company's stock worth $45,142,000 after buying an additional 502,346 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Planet Labs PBC by 12.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 44,463 shares of the company's stock worth $110,000 after buying an additional 5,078 shares in the last quarter. Barclays PLC grew its holdings in shares of Planet Labs PBC by 82.1% during the fourth quarter. Barclays PLC now owns 478,582 shares of the company's stock worth $1,182,000 after buying an additional 215,769 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Planet Labs PBC by 161.2% during the fourth quarter. Voya Investment Management LLC now owns 2,020,521 shares of the company's stock worth $4,991,000 after buying an additional 1,246,940 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in Planet Labs PBC by 89.5% in the fourth quarter. Royal Bank of Canada now owns 60,997 shares of the company's stock valued at $150,000 after purchasing an additional 28,811 shares during the period. 41.71% of the stock is currently owned by hedge funds and other institutional investors.

Planet Labs PBC Company Profile

Planet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company offers planet monitoring, basemap, tasking, apps, variables, hyperspectral, analytic feeds, and platform, as well as planet professional services including launch program, architectural workshop, planet training, integration and data services, and quick start services; and technical support services, which includes planet help center, developer resource center, and planet community and university.