Planet Labs PBC (NYSE:PL - Get Free Report) issued its earnings results on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.06), RTT News reports. Planet Labs PBC had a negative net margin of 48.88% and a negative return on equity of 24.16%. The company had revenue of $61.55 million during the quarter, compared to analyst estimates of $61.89 million. 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 Trading Down 0.5 %
Shares of PL traded down $0.02 during trading hours on Tuesday, reaching $3.98. The company had a trading volume of 4,785,392 shares, compared to its average volume of 3,289,116. The firm has a 50 day simple moving average of $4.90 and a 200-day simple moving average of $3.69. Planet Labs PBC has a 12-month low of $1.67 and a 12-month high of $6.71. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -9.71 and a beta of 1.45.
Analysts Set New Price Targets
PL has been the subject of a number of research reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $6.30 price objective on shares of Planet Labs PBC in a research note on Friday. 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 research report on Thursday, January 30th. Northland Securities upped their target price on shares of Planet Labs PBC from $5.00 to $7.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Citigroup raised their price target on Planet Labs PBC from $4.05 to $5.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group upped their price objective on Planet Labs PBC from $5.00 to $6.40 and gave the company a "buy" rating in a research note on Monday, February 3rd. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $6.27.
Check Out Our Latest Report on PL
Planet Labs PBC Company Profile
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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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