Q2 EPS Estimates for Planet Labs PBC Raised by Analyst

Planet Labs PBC (NYSE:PL) – Northland Securities increased their Q2 2027 earnings per share (EPS) estimates for Planet Labs PBC in a note issued to investors on Friday, June 5th. Northland Securities analyst M. Latimore now forecasts that the company will post earnings per share of ($0.08) for the quarter, up from their previous forecast of ($0.09). The consensus estimate for Planet Labs PBC’s current full-year earnings is ($0.45) per share. Northland Securities also issued estimates for Planet Labs PBC’s Q3 2027 earnings at ($0.08) EPS, Q4 2027 earnings at ($0.07) EPS, FY2027 earnings at ($0.62) EPS and FY2028 earnings at ($0.22) EPS.

Planet Labs PBC (NYSE:PL) last posted its quarterly earnings data on Thursday, June 4th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. Planet Labs PBC had a negative return on equity of 105.29% and a negative net margin of 111.17%.The company had revenue of $94.15 million during the quarter, compared to analysts’ expectations of $90.39 million. Planet Labs PBC’s quarterly revenue was up 42.1% compared to the same quarter last year.

Several other research firms have also recently weighed in on PL. Cantor Fitzgerald increased their price objective on Planet Labs PBC from $20.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, March 20th. Weiss Ratings cut Planet Labs PBC from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft set a $38.00 target price on Planet Labs PBC and gave the stock a “buy” rating in a research report on Friday, March 27th. The Goldman Sachs Group raised their target price on Planet Labs PBC from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Finally, Zacks Research cut Planet Labs PBC from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Planet Labs PBC currently has a consensus rating of “Hold” and an average price target of $35.11.

Planet Labs PBC Stock Down 1.3%

PL opened at $30.76 on Thursday. Planet Labs PBC has a 1-year low of $4.90 and a 1-year high of $51.76. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of -26.98 and a beta of 1.99. The business has a 50 day moving average of $38.86 and a 200-day moving average of $28.17.

Insider Buying and Selling at Planet Labs PBC

In related news, CFO Ashley F. Johnson sold 200,000 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $35.10, for a total value of $7,020,000.00. Following the completion of the transaction, the chief financial officer directly owned 1,895,162 shares of the company’s stock, valued at $66,520,186.20. This trade represents a 9.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert H. Schingler sold 73,683 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $35.07, for a total value of $2,584,062.81. Following the completion of the transaction, the insider directly owned 256,488 shares of the company’s stock, valued at approximately $8,995,034.16. This trade represents a 22.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.42% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PL. American Capital Advisory LLC acquired a new position in Planet Labs PBC during the first quarter worth $28,000. Western Wealth Management LLC acquired a new position in Planet Labs PBC during the first quarter worth $28,000. Parkside Financial Bank & Trust raised its stake in Planet Labs PBC by 92.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,550 shares of the company’s stock worth $31,000 after acquiring an additional 745 shares in the last quarter. Baillie Gifford & Co. acquired a new position in Planet Labs PBC during the fourth quarter worth $32,000. Finally, Pittenger & Anderson Inc. raised its stake in Planet Labs PBC by 40.9% during the first quarter. Pittenger & Anderson Inc. now owns 1,360 shares of the company’s stock worth $38,000 after acquiring an additional 395 shares in the last quarter. 41.71% of the stock is currently owned by institutional investors and hedge funds.

Planet Labs PBC News Roundup

Here are the key news stories impacting Planet Labs PBC this week:

• Positive Sentiment: Traders also showed interest in Planet Labs call options, suggesting some investors are positioning for a potential upside move. Traders Purchase Large Volume of Call Options on Planet Labs PBC (NYSE:PL)
• Positive Sentiment: Planet announced a partnership with Astroscale on an atmospheric reentry research initiative, which could support its long-term positioning in the space data ecosystem. Planet Joins Industry-Academia Initiative to Advance Atmospheric Reentry Research with Astroscale
• Neutral Sentiment: Recent articles noted that Planet Labs and other space stocks have been volatile, with the stock pausing after a sharp rally in the sector. Planet Labs stock pauses Monday while space stocks remain volatile: What’s going on?
• Neutral Sentiment: Another piece highlighted renewed attention on the stock following a strong rally in space-tech names, but without a clear new fundamental development. Planet Labs Stock Draws Attention After Sharp Space Tech Rally
• Negative Sentiment: Northland Securities cut its earnings outlook for Planet Labs, including trimming near-term quarterly estimates and lowering FY2027 and FY2028 EPS forecasts, reinforcing concerns that profitability may take longer to improve.

About Planet Labs PBC

Planet Labs PBC is a public benefit corporation that operates one of the largest fleets of Earth-imaging satellites, providing high-frequency, high-resolution imagery and data analytics to a broad range of industries. The company’s multi-spectral satellite constellation captures daily snapshots of the planet, enabling clients to monitor changes in agriculture, forestry, urban development, energy infrastructure and environmental conditions. Planet’s imagery platform is designed to support timely decision-making by transforming raw satellite data into actionable insights for business and government users.

Founded in 2010 by former NASA scientists Will Marshall, Robbie Schingler and Chris Boshuizen, Planet Labs grew from a small startup into a key provider in the satellite imaging sector.