Planet Labs PBC (PL) to Release Earnings on Wednesday

Planet Labs PBC (NYSE:PL) is expected to issue its Q1 2026 quarterly earnings data after the market closes on Wednesday, June 4th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $62.25 million for the quarter. Planet Labs PBC has set its FY 2026 guidance at EPS and its Q1 2026 guidance at EPS.

Planet Labs PBC (NYSE:PL) last announced its quarterly earnings data on Thursday, March 20th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Planet Labs PBC had a negative return on equity of 24.16% and a negative net margin of 48.88%. The firm had revenue of $61.55 million during the quarter, compared to analysts’ expectations of $61.89 million. During the same period last year, the business posted ($0.06) EPS. On average, analysts expect Planet Labs PBC to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Planet Labs PBC Stock Performance

Shares of Planet Labs PBC stock opened at $3.81 on Tuesday. The stock has a market capitalization of $1.15 billion, a P/E ratio of -9.28 and a beta of 1.56. Planet Labs PBC has a 52-week low of $1.73 and a 52-week high of $6.71. The stock’s 50-day simple moving average is $3.50 and its 200 day simple moving average is $4.12.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PL. Benchmark boosted their price target on shares of Planet Labs PBC from $4.00 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $6.30 price objective on shares of Planet Labs PBC in a research note on Friday, March 21st. Needham & Company LLC reissued a “buy” rating and set a $8.00 target price on shares of Planet Labs PBC in a report on Wednesday, May 14th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $3.50 price target (down from $6.00) on shares of Planet Labs PBC in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5.98.

Institutional Trading of Planet Labs PBC

Several institutional investors and hedge funds have recently modified their holdings of PL. Goldman Sachs Group Inc. increased its position in shares of Planet Labs PBC by 54.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,856,245 shares of the company’s stock worth $6,274,000 after purchasing an additional 653,173 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Planet Labs PBC by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,798 shares of the company’s stock valued at $442,000 after purchasing an additional 8,143 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Planet Labs PBC during the first quarter valued at approximately $189,000. Finally, AQR Capital Management LLC grew its stake in Planet Labs PBC by 671.1% in the 1st quarter. AQR Capital Management LLC now owns 92,693 shares of the company’s stock worth $313,000 after buying an additional 80,672 shares in the last quarter. Hedge funds and other institutional investors own 41.71% of the company’s stock.

Planet Labs PBC Company Profile

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.