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

Planet Labs PBC (NYSE:PL) issued its quarterly earnings results on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.06), RTT News reports. Planet Labs PBC had a negative net margin of 48.88% and a negative return on equity of 24.16%. The firm had revenue of $61.55 million for the quarter, compared to analyst estimates of $61.89 million. During the same quarter last year, the business posted ($0.06) earnings per share. Planet Labs PBC updated its FY 2026 guidance to EPS and its Q1 2026 guidance to EPS.

Planet Labs PBC Trading Down 11.0 %

Shares of PL stock opened at $3.78 on Friday. Planet Labs PBC has a 1-year low of $1.67 and a 1-year high of $6.71. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -9.21 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 $3.65.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PL. Cantor Fitzgerald reiterated an “overweight” rating and set a $6.30 price target on shares of Planet Labs PBC in a research report on Friday. Citigroup lifted their price target on Planet Labs PBC from $4.05 to $5.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Craig Hallum upgraded Planet Labs PBC from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research report on Thursday, January 30th. Northland Securities raised their price objective on Planet Labs PBC from $5.00 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, Benchmark lifted their target price on Planet Labs PBC from $4.00 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company 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.