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

Planet Labs PBC (NYSE:PL) released its earnings results on Thursday. The company reported ($0.08) earnings per share 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 company had revenue of $61.55 million during the quarter, compared to the consensus estimate of $61.89 million. During the same period in the previous year, the firm posted ($0.06) EPS. Planet Labs PBC updated its FY 2026 guidance to EPS and its Q1 2026 guidance to EPS.

Planet Labs PBC Trading Down 23.7 %

Shares of PL stock opened at $3.24 on Friday. The stock has a market capitalization of $960.45 million, a price-to-earnings ratio of -8.60 and a beta of 1.45. Planet Labs PBC has a 12-month low of $1.67 and a 12-month high of $6.71. The stock’s 50-day moving average price is $4.88 and its 200-day moving average price is $3.64.

Analyst Upgrades and Downgrades

PL has been the subject of a number of recent analyst reports. Benchmark raised their price objective on shares of Planet Labs PBC from $4.00 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Craig Hallum upgraded shares of Planet Labs PBC from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Planet Labs PBC from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Tuesday, December 17th. JMP Securities upped their target price on shares of 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. Finally, Cantor Fitzgerald initiated coverage on shares of Planet Labs PBC in a research note on Friday, January 24th. They issued an “overweight” rating and a $6.30 target price for the company. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $6.27.

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.