Planet Labs PBC (PL) Projected to Post Quarterly Earnings on Wednesday

Planet Labs PBC (NYSE:PL) is expected to be announcing its Q1 2026 earnings results after the market closes on Wednesday, June 4th. Analysts expect Planet Labs PBC to post earnings of ($0.05) per share and revenue of $62.25 million for the quarter. Planet Labs PBC has set its FY 2026 guidance at EPS and its Q1 2026 guidance at EPS.

Planet Labs PBC (NYSE:PL) last issued its quarterly earnings results on Thursday, March 20th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). 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 the consensus estimate of $61.89 million. During the same period in the prior year, the business posted ($0.06) earnings per share. On average, analysts expect Planet Labs PBC to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Planet Labs PBC Trading Up 8.2%

Shares of NYSE:PL opened at $3.98 on Wednesday. Planet Labs PBC has a 12-month low of $1.73 and a 12-month high of $6.71. The business’s fifty day simple moving average is $3.50 and its 200-day simple moving average is $4.08. The company has a market capitalization of $1.20 billion, a PE ratio of -9.71 and a beta of 1.56.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new position in shares of Planet Labs PBC during the 1st quarter worth $189,000. AQR Capital Management LLC lifted its stake in shares of Planet Labs PBC by 671.1% during the 1st quarter. AQR Capital Management LLC now owns 92,693 shares of the company’s stock worth $313,000 after purchasing an additional 80,672 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Planet Labs PBC by 6.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,798 shares of the company’s stock worth $442,000 after purchasing an additional 8,143 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Planet Labs PBC by 54.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,856,245 shares of the company’s stock worth $6,274,000 after purchasing an additional 653,173 shares during the period. Hedge funds and other institutional investors own 41.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $8.00 price target on shares of Planet Labs PBC in a research report on Wednesday, May 14th. Northland Securities raised their price target on Planet Labs PBC from $5.00 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. JMP Securities raised their price target on Planet Labs PBC from $4.50 to $6.50 and gave the stock a “market outperform” rating in a research report on Thursday, January 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $6.30 target price on shares of Planet Labs PBC in a report on Friday, March 21st. Finally, Benchmark lifted their target price on Planet Labs PBC from $4.00 to $7.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.98.

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.