Planet Labs PBC Q3 EPS Forecast Raised by Northland Capmk

Key Points

• Northland Capital Markets raised its Q3 2027 earnings estimate for Planet Labs PBC to ($0.07) per share, an improvement from a previous forecast of ($0.08). The full-year earnings estimate is currently (0.37) EPS.
• Analysts from multiple firms, including Needham & Company and Deutsche Bank, have upgraded their price targets for the company's shares, both setting targets at $16.00 and maintaining a "buy" rating.
• Planet Labs PBC reported a revenue of $73.39 million for the last quarter, exceeding estimates of $65.88 million, despite a reported EPS of ($0.07) that missed expectations.

Planet Labs PBC (NYSE:PL - Free Report) - Equities researchers at Northland Capmk lifted their Q3 2027 earnings estimates for Planet Labs PBC in a research note issued to investors on Sunday, October 19th. Northland Capmk analyst M. Latimore now anticipates that the company will earn ($0.07) per share for the quarter, up from their previous forecast of ($0.08). The consensus estimate for Planet Labs PBC's current full-year earnings is ($0.37) per share. Northland Capmk also issued estimates for Planet Labs PBC's FY2027 earnings at ($0.31) EPS.

Other analysts have also recently issued reports about the stock. Needham & Company LLC increased their price target on shares of Planet Labs PBC from $12.00 to $16.00 and gave the company a "buy" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Planet Labs PBC from $10.00 to $16.00 and gave the company a "buy" rating in a research note on Tuesday. Weiss Ratings reissued a "sell (d-)" rating on shares of Planet Labs PBC in a research note on Wednesday, October 8th. Citizens Jmp cut shares of Planet Labs PBC from an "outperform" rating to a "market perform" rating in a research note on Tuesday. Finally, Wedbush raised their price objective on shares of Planet Labs PBC from $11.00 to $17.00 and gave the company an "outperform" rating in a research note on Thursday, October 2nd. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $11.26.

Planet Labs PBC Price Performance

PL opened at $12.91 on Wednesday. Planet Labs PBC has a one year low of $2.18 and a one year high of $16.78. The company's 50 day simple moving average is $10.48 and its 200-day simple moving average is $6.84. The stock has a market capitalization of $3.97 billion, a P/E ratio of -43.02 and a beta of 1.99.

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

Institutional Investors Weigh In On Planet Labs PBC

Hedge funds have recently bought and sold shares of the company. CWM LLC raised its holdings in Planet Labs PBC by 129.9% in the third quarter. CWM LLC now owns 9,276 shares of the company's stock worth $120,000 after purchasing an additional 5,241 shares during the period. SBI Securities Co. Ltd. raised its holdings in Planet Labs PBC by 45.1% in the second quarter. SBI Securities Co. Ltd. now owns 9,877 shares of the company's stock worth $60,000 after purchasing an additional 3,068 shares during the period. Heritage Oak Wealth Advisors LLC acquired a new stake in Planet Labs PBC in the third quarter worth $130,000. Tableaux LLC acquired a new stake in Planet Labs PBC in the second quarter worth $61,000. Finally, May Hill Capital LLC acquired a new stake in Planet Labs PBC in the second quarter worth $62,000. 41.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Planet Labs PBC

In other Planet Labs PBC news, insider Robert H. Schingler sold 81,656 shares of the firm's stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $15.50, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.53% of the company's stock.

About Planet Labs PBC

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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