Planet Labs PBC (NYSE:PL - Get Free Report) is projected to announce its Q1 2026 earnings results after the market closes on Wednesday, June 4th. Analysts expect Planet Labs PBC to post earnings of ($0.05) per share and revenue of $62.25 million for the quarter. Planet Labs PBC has set its FY 2026 guidance at EPS and its Q1 2026 guidance at EPS.
Planet Labs PBC (NYSE:PL - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The firm had revenue of $61.55 million for the quarter, compared to analysts' expectations of $61.89 million. Planet Labs PBC had a negative return on equity of 24.16% and a negative net margin of 48.88%. During the same period last year, the firm earned ($0.06) EPS. On average, analysts expect Planet Labs PBC to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Planet Labs PBC Price Performance
PL traded down $0.06 on Thursday, reaching $3.94. The company's stock had a trading volume of 4,624,104 shares, compared to its average volume of 3,747,567. The business's 50 day moving average is $3.50 and its 200 day moving average is $4.08. Planet Labs PBC has a 1 year low of $1.73 and a 1 year high of $6.71. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -9.60 and a beta of 1.56.
Analyst Upgrades and Downgrades
PL has been the topic of a number of analyst reports. Craig Hallum raised shares of Planet Labs PBC from a "hold" rating to a "buy" rating and set a $7.00 price objective on the stock in a report on Thursday, January 30th. Needham & Company LLC reiterated a "buy" rating and issued a $8.00 price target on shares of Planet Labs PBC in a research report on Wednesday, May 14th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $6.30 target price on shares of Planet Labs PBC in a report on Friday, March 21st. Benchmark raised their price objective on shares of Planet Labs PBC from $4.00 to $7.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. Finally, JMP Securities upped their price objective on shares of Planet Labs PBC from $4.50 to $6.50 and gave the company a "market outperform" rating in a research note on Thursday, January 30th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Planet Labs PBC has a consensus rating of "Moderate Buy" and a consensus price target of $5.98.
Get Our Latest Stock Report on Planet Labs PBC
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new position in Planet Labs PBC during the 1st quarter valued at $189,000. AQR Capital Management LLC raised its stake in shares of Planet Labs PBC by 671.1% in the first quarter. AQR Capital Management LLC now owns 92,693 shares of the company's stock valued at $313,000 after purchasing an additional 80,672 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Planet Labs PBC by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,798 shares of the company's stock worth $442,000 after purchasing an additional 8,143 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Planet Labs PBC by 54.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,856,245 shares of the company's stock worth $6,274,000 after buying an additional 653,173 shares in the last quarter. 41.71% of the stock is currently owned by institutional investors and hedge funds.
About Planet Labs PBC
(
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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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