FY2026 EPS Estimates for Planet Labs PBC Lowered by Wedbush

Key Points

• Wedbush has lowered its earnings estimates for Planet Labs PBC, predicting a FY2026 EPS of ($0.24), down from ($0.22).
• The company reported a quarterly EPS of ($0.07), missing analyst expectations, despite a revenue increase of 20.1% year-over-year.
• Investment firms have varying ratings on Planet Labs PBC, with a consensus target price of $7.56 and a majority rating it as a "Moderate Buy".

Planet Labs PBC (NYSE:PL - Free Report) - Analysts at Wedbush lowered their FY2026 EPS estimates for shares of Planet Labs PBC in a research note issued on Tuesday, September 9th. Wedbush analyst D. Ives now expects that the company will post earnings per share of ($0.24) for the year, down from their previous estimate of ($0.22). Wedbush has a "Outperform" rating and a $7.00 price objective on the stock. The consensus estimate for Planet Labs PBC's current full-year earnings is ($0.37) per share. Wedbush also issued estimates for Planet Labs PBC's Q4 2026 earnings at ($0.07) EPS, Q1 2027 earnings at ($0.05) EPS, Q2 2027 earnings at ($0.04) EPS and FY2027 earnings at ($0.16) EPS.

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

PL has been the subject of several other research reports. JMP Securities raised their price objective on shares of Planet Labs PBC from $8.00 to $11.00 and gave the stock a "market outperform" rating in a research report on Tuesday, September 9th. Citigroup reissued an "outperform" rating on shares of Planet Labs PBC in a research report on Tuesday, September 9th. Wall Street Zen raised shares of Planet Labs PBC from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. The Goldman Sachs Group began coverage on shares of Planet Labs PBC in a research report on Monday, June 30th. They issued a "neutral" rating and a $4.60 price target for the company. Finally, Needham & Company LLC lifted their price target on shares of Planet Labs PBC from $8.00 to $12.00 and gave the company a "buy" rating in a research report on Tuesday, September 9th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $7.56.

Planet Labs PBC Stock Performance

Shares of PL stock traded up $0.09 during trading hours on Friday, hitting $9.76. 14,933,629 shares of the company were exchanged, compared to its average volume of 13,729,728. The firm has a market cap of $3.00 billion, a P/E ratio of -32.52 and a beta of 1.81. Planet Labs PBC has a fifty-two week low of $2.02 and a fifty-two week high of $10.08. The company has a 50 day simple moving average of $6.90 and a two-hundred day simple moving average of $5.11.

Hedge Funds Weigh In On Planet Labs PBC

A number of hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its holdings in Planet Labs PBC by 5.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 31,973 shares of the company's stock worth $195,000 after acquiring an additional 1,782 shares during the last quarter. Choreo LLC boosted its holdings in Planet Labs PBC by 19.7% during the 2nd quarter. Choreo LLC now owns 13,072 shares of the company's stock worth $80,000 after acquiring an additional 2,148 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in Planet Labs PBC by 45.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 9,877 shares of the company's stock worth $60,000 after acquiring an additional 3,068 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Planet Labs PBC by 32.1% during the 1st quarter. Mackenzie Financial Corp now owns 13,364 shares of the company's stock worth $45,000 after purchasing an additional 3,245 shares during the period. Finally, New York State Common Retirement Fund raised its stake in shares of Planet Labs PBC by 3.0% during the 2nd quarter. New York State Common Retirement Fund now owns 139,296 shares of the company's stock worth $850,000 after purchasing an additional 3,993 shares during the period. 41.71% of the stock is owned by hedge funds and other institutional investors.

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.