Planet Labs PBC (NYSE:PL) Issues Quarterly Earnings Results

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 business had revenue of $61.55 million for the quarter, compared to the consensus estimate of $61.89 million. During the same quarter in the previous year, the company earned ($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 Price Performance

NYSE PL traded down $0.87 on Friday, reaching $3.37. The company had a trading volume of 4,311,122 shares, compared to its average volume of 3,214,887. The firm has a market cap of $999.02 million, a price-to-earnings ratio of -8.11 and a beta of 1.45. Planet Labs PBC has a fifty-two week low of $1.67 and a fifty-two week high of $6.71. The business has a 50 day moving average of $4.88 and a two-hundred day moving average of $3.64.

Analysts Set New Price Targets

PL has been the subject of several recent analyst reports. Citigroup upped their target price on Planet Labs PBC from $4.05 to $5.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Cantor Fitzgerald initiated coverage on Planet Labs PBC in a research note on Friday, January 24th. They set an “overweight” rating and a $6.30 target price for the company. Northland Securities upped their target price 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. The Goldman Sachs Group upped their target price on Planet Labs PBC from $5.00 to $6.40 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, JMP Securities increased their price target on Planet Labs PBC from $4.50 to $6.50 and gave the company a “market outperform” rating in a research note on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, Planet Labs PBC presently has a consensus 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.