Planet Labs PBC (NYSE:PL) Releases Earnings Results, Misses Expectations By $0.06 EPS

Planet Labs PBC (NYSE:PL - Get Free Report) posted its earnings results on Thursday. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.06), RTT News reports. Planet Labs PBC had a negative return on equity of 24.16% and a negative net margin of 48.88%. The business had revenue of $61.55 million for the quarter, compared to analyst estimates of $61.89 million. During the same period in the previous year, the company earned ($0.06) earnings per share. Planet Labs PBC updated its FY 2026 guidance to EPS and its Q1 2026 guidance to EPS.

Planet Labs PBC Stock Down 0.5 %

Planet Labs PBC stock traded down $0.02 during mid-day trading 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 market cap of $1.18 billion, a price-to-earnings ratio of -9.71 and a beta of 1.45. The company has a 50 day moving average of $4.90 and a 200-day moving average of $3.69. Planet Labs PBC has a 52 week low of $1.67 and a 52 week high of $6.71.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PL shares. Benchmark upped their price target on Planet Labs PBC from $4.00 to $7.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft upped their target price on Planet Labs PBC from $4.00 to $4.50 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Citigroup lifted their price target on shares of Planet Labs PBC from $4.05 to $5.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Needham & Company LLC restated a "buy" rating and issued a $8.00 price objective on shares of Planet Labs PBC in a research note on Monday. Finally, The Goldman Sachs Group raised their target price on shares of 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Planet Labs PBC has an average rating of "Buy" and an average price target of $6.27.

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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.