Planet Labs PBC (PL) Expected to Announce Earnings on Thursday

Key Points

• Planet Labs PBC is set to report Q1 2027 earnings after the market close on Thursday, with analysts expecting a loss of $0.03 per share on revenue of $90.0 million.
• The stock was up 4.2% and recently traded near $50.35, close to its 52-week high of $51.13, after a strong run above its 50-day and 200-day moving averages.
• Analyst sentiment is mixed but still leans positive overall, with six Buy ratings versus three Hold and three Sell ratings; the consensus price target is $30.61.

Planet Labs PBC (NYSE:PL - Get Free Report) is expected to be posting its Q1 2027 results after the market closes on Thursday, June 4th. Analysts expect Planet Labs PBC to post earnings of ($0.03) per share and revenue of $90.0020 million for the quarter. Individuals are encouraged to explore the company's upcoming Q1 2027 earning overview page for the latest details on the call scheduled for Thursday, June 4, 2026 at 5:00 PM ET.

Planet Labs PBC Trading Up 4.2%

Shares of PL stock opened at $50.35 on Thursday. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.65 and a quick ratio of 1.64. The firm has a market cap of $17.43 billion, a PE ratio of -64.54 and a beta of 1.91. The company has a 50-day moving average of $36.74 and a two-hundred day moving average of $26.12. Planet Labs PBC has a 1-year low of $3.66 and a 1-year high of $51.13.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Weiss Ratings raised shares of Planet Labs PBC from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday, May 18th. Citigroup increased their target price on shares of Planet Labs PBC from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, April 2nd. Needham & Company LLC increased their target price on shares of Planet Labs PBC to $40.00 and gave the stock a "buy" rating in a research note on Friday, March 20th. Cantor Fitzgerald increased their target price on shares of Planet Labs PBC from $20.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, March 20th. Finally, New Street Research assumed coverage on shares of Planet Labs PBC in a research note on Wednesday, May 13th. They set a "sell" rating and a $28.00 target price for the company. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $30.61.

Insider Activity at Planet Labs PBC

In other news, insider Robert H. Schingler sold 73,683 shares of the firm's stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $35.07, for a total value of $2,584,062.81. Following the completion of the transaction, the insider owned 256,488 shares of the company's stock, valued at approximately $8,995,034.16. This trade represents a 22.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ashley F. Johnson sold 200,000 shares of the firm's stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $35.10, for a total transaction of $7,020,000.00. Following the completion of the transaction, the chief financial officer directly owned 1,895,162 shares of the company's stock, valued at approximately $66,520,186.20. The trade was a 9.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 17.53% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Canada Pension Plan Investment Board boosted its stake in shares of Planet Labs PBC by 0.3% in the second quarter. Canada Pension Plan Investment Board now owns 7,820,400 shares of the company's stock valued at $47,704,000 after purchasing an additional 20,400 shares during the period. Van ECK Associates Corp boosted its stake in shares of Planet Labs PBC by 320.3% in the fourth quarter. Van ECK Associates Corp now owns 7,678,938 shares of the company's stock valued at $151,429,000 after purchasing an additional 5,851,758 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Planet Labs PBC by 7.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,137,871 shares of the company's stock valued at $81,599,000 after purchasing an additional 301,757 shares during the period. Invesco Ltd. boosted its stake in shares of Planet Labs PBC by 265.6% in the third quarter. Invesco Ltd. now owns 3,450,479 shares of the company's stock valued at $44,787,000 after purchasing an additional 2,506,595 shares during the period. Finally, Nuveen LLC raised its holdings in Planet Labs PBC by 48.6% in the fourth quarter. Nuveen LLC now owns 3,021,366 shares of the company's stock valued at $59,581,000 after acquiring an additional 987,479 shares in the last quarter. Hedge funds and other institutional investors own 41.71% of the company's stock.

Planet Labs PBC Company Profile

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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