Planet Labs PBC (NYSE:PL) Announces Earnings Results, Misses Estimates By $0.06 EPS

Planet Labs PBC (NYSE:PL) posted its quarterly earnings results on Thursday. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $61.55 million for the quarter, compared to analyst estimates of $61.89 million. During the same quarter in the prior year, the firm earned ($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 %

Planet Labs PBC stock opened at $3.24 on Friday. The firm has a market capitalization of $960.45 million, a P/E ratio of -8.60 and a beta of 1.45. The stock’s fifty day simple moving average is $4.88 and its 200-day simple moving average is $3.64. Planet Labs PBC has a twelve month low of $1.67 and a twelve month high of $6.71.

Analysts Set New Price Targets

PL has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on Planet Labs PBC from $5.00 to $6.40 and gave the company a “buy” rating in a research note on Monday, February 3rd. Needham & Company LLC increased their price objective on Planet Labs PBC from $5.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Craig Hallum raised Planet Labs PBC from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Thursday, January 30th. Benchmark lifted their price target on Planet Labs PBC from $4.00 to $7.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Finally, JMP Securities boosted their price objective on Planet Labs PBC from $4.50 to $6.50 and gave the company a “market outperform” rating in a report on Thursday, January 30th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target 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.