Planet Labs PBC (NYSE:PL) Expected to Announce Earnings of -$0.19 Per Share

Equities analysts expect that Planet Labs PBC (NYSE:PL – Get Rating) will announce ($0.19) earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Planet Labs PBC’s earnings. The firm is scheduled to issue its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Planet Labs PBC will report full-year earnings of ($0.74) per share for the current year, with EPS estimates ranging from ($0.75) to ($0.73). For the next year, analysts expect that the company will report earnings of ($0.57) per share, with EPS estimates ranging from ($0.59) to ($0.55). Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Planet Labs PBC.

Planet Labs PBC (NYSE:PL – Get Rating) last issued its earnings results on Thursday, March 31st. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.07). The business had revenue of $37.15 million for the quarter, compared to the consensus estimate of $35.95 million.

Several brokerages have issued reports on PL. Zacks Investment Research upgraded shares of Planet Labs PBC from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th. Needham & Company LLC began coverage on shares of Planet Labs PBC in a report on Thursday, January 27th. They set a “buy” rating and a $10.50 target price on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Planet Labs PBC presently has a consensus rating of “Buy” and an average target price of $10.38.

Shares of Planet Labs PBC stock opened at $4.61 on Thursday. Planet Labs PBC has a 1 year low of $3.70 and a 1 year high of $12.15. The business’s 50-day simple moving average is $5.13.

Large investors have recently added to or reduced their stakes in the company. Sei Investments Co. bought a new stake in shares of Planet Labs PBC in the 4th quarter valued at about $27,000. Bank of America Corp DE purchased a new position in shares of Planet Labs PBC in the 4th quarter valued at approximately $38,000. Tradewinds Capital Management LLC purchased a new position in shares of Planet Labs PBC in the 4th quarter valued at approximately $39,000. GoalVest Advisory LLC purchased a new position in shares of Planet Labs PBC in the 1st quarter valued at approximately $41,000. Finally, Penserra Capital Management LLC purchased a new position in shares of Planet Labs PBC in the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 43.33% of the company’s stock.

About Planet Labs PBC (Get Rating)

Planet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company offers Open Geospatial Consortium, a cloud-native proprietary technology that performs critical processing and overall harmonizing of images for time series and data fusion and analysis; and space-based hardware and related software systems.

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