Planet Labs PBC (NYSE:PL) Announces Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Planet Labs PBC (NYSE:PL) posted its quarterly earnings results on Thursday. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06), RTT News reports. The firm had revenue of $61.55 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted ($0.06) EPS. Planet Labs PBC updated its FY 2026 guidance to EPS and its Q1 2026 guidance to EPS.

Planet Labs PBC Stock Down 23.0 %

PL traded down $0.98 during trading on Friday, hitting $3.27. The company’s stock had a trading volume of 3,043,620 shares, compared to its average volume of 3,209,318. Planet Labs PBC has a one year low of $1.67 and a one year high of $6.71. The business’s 50 day simple moving average is $4.88 and its 200-day simple moving average is $3.64. The firm has a market cap of $968.75 million, a PE ratio of -8.12 and a beta of 1.45.

Wall Street Analysts Forecast Growth

PL has been the subject of several research analyst reports. Benchmark lifted their price objective on Planet Labs PBC from $4.00 to $7.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Needham & Company LLC raised their price objective on shares of Planet Labs PBC from $5.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. The Goldman Sachs Group lifted their price objective on shares of Planet Labs PBC from $5.00 to $6.40 and gave the stock a “buy” rating in a report on Monday, February 3rd. Craig Hallum raised Planet Labs PBC from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research note on Thursday, January 30th. Finally, Northland Securities increased their price target on shares of Planet Labs PBC from $5.00 to $7.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, Planet Labs PBC currently has an average rating of “Buy” and a consensus target price of $6.27.

Planet Labs PBC Company Profile

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.