Northland Capmk Forecasts Planet Labs PBC FY2028 Earnings

Planet Labs PBC (NYSE:PL) – Stock analysts at Northland Capmk issued their FY2028 earnings estimates for Planet Labs PBC in a research report issued on Sunday, October 19th. Northland Capmk analyst M. Latimore forecasts that the company will post earnings of ($0.24) per share for the year. The consensus estimate for Planet Labs PBC’s current full-year earnings is ($0.37) per share.

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 analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $73.39 million during the quarter, compared to analyst estimates of $65.88 million. Planet Labs PBC had a negative return on equity of 20.25% and a negative net margin of 34.46%.The company’s revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.06) EPS. Planet Labs PBC has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS.

A number of other research analysts also recently weighed in on PL. Citizens Jmp downgraded shares of Planet Labs PBC from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Planet Labs PBC from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday. Citigroup reissued an “outperform” rating on shares of Planet Labs PBC in a research note on Tuesday, September 9th. Wedbush boosted their target price on shares of Planet Labs PBC from $11.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Planet Labs PBC in a research note on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $11.26.

Planet Labs PBC Stock Performance

Shares of Planet Labs PBC stock opened at $12.91 on Tuesday. The firm has a 50-day simple moving average of $10.48 and a two-hundred day simple moving average of $6.84. The company has a market cap of $3.97 billion, a P/E ratio of -43.02 and a beta of 1.99. Planet Labs PBC has a fifty-two week low of $2.18 and a fifty-two week high of $16.78.

Institutional Trading of Planet Labs PBC

Several large investors have recently bought and sold shares of PL. SG Americas Securities LLC grew its stake in Planet Labs PBC by 37.3% during the 1st quarter. SG Americas Securities LLC now owns 85,821 shares of the company’s stock valued at $290,000 after acquiring an additional 23,300 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Planet Labs PBC during the 1st quarter valued at about $979,000. Allspring Global Investments Holdings LLC purchased a new stake in Planet Labs PBC during the 1st quarter valued at about $115,000. Crown Wealth Group LLC grew its stake in Planet Labs PBC by 60.6% during the 1st quarter. Crown Wealth Group LLC now owns 31,000 shares of the company’s stock valued at $105,000 after acquiring an additional 11,700 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in Planet Labs PBC by 220.5% during the 1st quarter. Vontobel Holding Ltd. now owns 45,143 shares of the company’s stock valued at $153,000 after acquiring an additional 31,057 shares in the last quarter. Hedge funds and other institutional investors own 41.71% of the company’s stock.

Insider Activity at Planet Labs PBC

In related news, insider Robert H. Schingler sold 81,656 shares of the company’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $15.50, for a total transaction of $1,265,668.00. Following the completion of the sale, the insider owned 1,288,843 shares of the company’s stock, valued at approximately $19,977,066.50. This represents a 5.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.53% of the stock is owned by corporate insiders.

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.