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

Key Points

• Planet Labs is expected to report Q2 fiscal 2027 results after Thursday’s market close, September 3. Analysts project a loss of $0.019 per share and revenue of approximately $104.5 million.
• In its latest quarter, the company reported a smaller-than-expected loss of $0.03 per share and revenue of $94.15 million, up 42.1% year over year.
• Analyst sentiment is mixed, with an average rating of “Hold” and an average price target of $35.36; insiders have sold roughly $4.15 million of stock over the past three months.

Planet Labs PBC (NYSE:PL - Get Free Report) is projected to post its Q2 2027 results after the market closes on Thursday, September 3rd. Analysts expect Planet Labs PBC to post earnings of ($0.0190) per share and revenue of $104.5320 million for the quarter. Interested persons can find conference call details on the company's upcoming Q2 2027 earning overview page for the latest details on the call scheduled for Thursday, September 3, 2026 at 5:00 PM ET.

Planet Labs PBC (NYSE:PL - Get Free Report) last issued its earnings results on Thursday, June 4th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. Planet Labs PBC had a negative return on equity of 105.29% and a negative net margin of 111.17%.The firm had revenue of $94.15 million for the quarter, compared to analyst estimates of $90.39 million. The company's quarterly revenue was up 42.1% on a year-over-year basis. On average, analysts expect Planet Labs PBC to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Planet Labs PBC Price Performance

Shares of NYSE:PL opened at $21.14 on Thursday. Planet Labs PBC has a twelve month low of $6.26 and a twelve month high of $51.76. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 1.01. The company has a market cap of $7.53 billion, a PE ratio of -18.54 and a beta of 2.11. The company's 50 day moving average is $24.79 and its 200 day moving average is $30.23.

Analyst Ratings Changes

PL has been the topic of several recent research reports. New Street Research initiated coverage on shares of Planet Labs PBC in a report on Wednesday, May 13th. They issued a "sell" rating and a $28.00 price objective on the stock. Northland Securities set a $50.00 target price on shares of Planet Labs PBC in a research report on Friday, June 5th. Weiss Ratings raised shares of Planet Labs PBC from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, June 15th. The Goldman Sachs Group increased their price target on Planet Labs PBC from $22.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 14th. Finally, Wedbush started coverage on Planet Labs PBC in a research note on Wednesday, July 1st. They set an "outperform" rating and a $50.00 price objective for the company. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $35.36.

Insider Activity

In related news, Director John W. Raymond sold 6,494 shares of the firm's stock in a transaction on Monday, July 13th. The shares were sold at an average price of $26.16, for a total transaction of $169,883.04. Following the sale, the director owned 37,114 shares in the company, valued at approximately $970,902.24. This trade represents a 14.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert H. Schingler sold 64,593 shares of the company's stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $25.92, for a total transaction of $1,674,250.56. Following the completion of the transaction, the insider owned 825,541 shares of the company's stock, valued at approximately $21,398,022.72. This trade represents a 7.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 171,122 shares of company stock valued at $4,148,906 in the last three months. 16.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Planet Labs PBC

A number of large investors have recently bought and sold shares of the business. AQR Capital Management LLC grew its holdings in 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 during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Planet Labs PBC during the 1st quarter valued at approximately $189,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Planet Labs PBC by 6.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,798 shares of the company's stock valued at $442,000 after acquiring an additional 8,143 shares during the period. Goldman Sachs Group Inc. increased its holdings in Planet Labs PBC by 54.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,856,245 shares of the company's stock worth $6,274,000 after acquiring an additional 653,173 shares in the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new stake in Planet Labs PBC in the 2nd quarter worth $121,000. Institutional investors and hedge funds own 41.71% of the company's stock.

About Planet Labs PBC

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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