FY2026 EPS Estimates for Planet Labs PBC Lowered by Wedbush

Planet Labs PBC (NYSE:PL) – Investment analysts at Wedbush decreased their FY2026 earnings per share estimates for shares of Planet Labs PBC in a report issued on Tuesday, September 9th. Wedbush analyst D. Ives now forecasts that the company will post earnings per share of ($0.24) for the year, down from their previous estimate of ($0.22). Wedbush has a “Outperform” rating and a $7.00 price objective on the stock. The consensus estimate for Planet Labs PBC’s current full-year earnings is ($0.37) per share. Wedbush also issued estimates for Planet Labs PBC’s Q4 2026 earnings at ($0.07) EPS, Q1 2027 earnings at ($0.05) EPS, Q2 2027 earnings at ($0.04) EPS and FY2027 earnings at ($0.16) EPS.

Planet Labs PBC (NYSE:PL) last issued its quarterly earnings data on Monday, September 8th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Planet Labs PBC had a negative net margin of 34.46% and a negative return on equity of 20.25%. The company had revenue of $73.39 million for the quarter, compared to the consensus estimate of $65.88 million. During the same quarter last year, the business posted ($0.06) earnings per share. Planet Labs PBC’s revenue was up 20.1% on a year-over-year basis. Planet Labs PBC has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS.

Several other equities analysts have also weighed in on PL. Citigroup restated an “outperform” rating on shares of Planet Labs PBC in a research report on Tuesday. Cantor Fitzgerald restated an “overweight” rating and set a $8.50 price target (up previously from $6.30) on shares of Planet Labs PBC in a research report on Tuesday, June 24th. Wall Street Zen upgraded shares of Planet Labs PBC from a “sell” rating to a “hold” rating in a research report on Friday, June 6th. JMP Securities increased their price target on shares of Planet Labs PBC from $8.00 to $11.00 and gave the company a “market outperform” rating in a research report on Tuesday. Finally, Needham & Company LLC lifted their price objective on Planet Labs PBC from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $7.56.

Planet Labs PBC Stock Performance

PL opened at $9.76 on Friday. The firm has a market cap of $2.96 billion, a P/E ratio of -32.52 and a beta of 1.81. The firm has a 50-day moving average of $6.90 and a 200 day moving average of $5.10. Planet Labs PBC has a fifty-two week low of $2.02 and a fifty-two week high of $10.08.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas grew its holdings in Planet Labs PBC by 5.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 31,973 shares of the company’s stock valued at $195,000 after buying an additional 1,782 shares in the last quarter. Choreo LLC boosted its position in shares of Planet Labs PBC by 19.7% during the 2nd quarter. Choreo LLC now owns 13,072 shares of the company’s stock valued at $80,000 after acquiring an additional 2,148 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Planet Labs PBC by 45.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 9,877 shares of the company’s stock valued at $60,000 after acquiring an additional 3,068 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Planet Labs PBC by 32.1% during the 1st quarter. Mackenzie Financial Corp now owns 13,364 shares of the company’s stock valued at $45,000 after acquiring an additional 3,245 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Planet Labs PBC by 3.0% during the 2nd quarter. New York State Common Retirement Fund now owns 139,296 shares of the company’s stock valued at $850,000 after acquiring an additional 3,993 shares during the last quarter. Hedge funds and other institutional investors own 41.71% of the company’s stock.

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.