Planet Labs PBC (PL) Projected to Announce Earnings on Thursday

Planet Labs PBC (NYSE:PL) is expected to announce its Q2 2027 results after the market closes on Thursday, September 3rd. Analysts expect the company to announce earnings of ($0.0190) per share and revenue of $104.5320 million for the quarter. Parties can check the company’s upcoming Q2 2027 earning results page for the latest details on the call scheduled for Thursday, September 3, 2026 at 5:00 PM ET.

Planet Labs PBC (NYSE:PL) last released its earnings results on Thursday, June 4th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The firm had revenue of $94.15 million for the quarter, compared to the consensus estimate of $90.39 million. Planet Labs PBC had a negative net margin of 111.17% and a negative return on equity of 105.29%. Planet Labs PBC’s quarterly revenue was up 42.1% compared to the same quarter last year. On average, analysts expect Planet Labs PBC to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Planet Labs PBC Stock Down 0.8%

Shares of Planet Labs PBC stock opened at $19.83 on Tuesday. Planet Labs PBC has a 1 year low of $6.26 and a 1 year high of $51.76. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of -17.39 and a beta of 2.11. The company has a 50-day moving average of $24.31 and a 200 day moving average of $30.17. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.81 and a quick ratio of 2.78.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PL shares. Zacks Research upgraded shares of Planet Labs PBC from a “strong sell” rating to a “hold” rating in a report on Thursday, July 2nd. Northland Securities set a $50.00 target price on shares of Planet Labs PBC in a report on Friday, June 5th. Wedbush started coverage on Planet Labs PBC in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $50.00 price target on the stock. New Street Research assumed coverage on Planet Labs PBC in a research note on Wednesday, May 13th. They issued a “sell” rating and a $28.00 price target on the stock. Finally, Craig Hallum upped their price target on Planet Labs PBC from $36.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Planet Labs PBC has an average rating of “Hold” and a consensus target price of $35.36.

Insider Buying and Selling at Planet Labs PBC

In other Planet Labs PBC news, Director John W. Raymond sold 6,494 shares of the firm’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $26.16, for a total transaction of $169,883.04. Following the completion of the sale, the director directly owned 37,114 shares in the company, valued at approximately $970,902.24. This trade represents a 14.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ashley F. Johnson sold 75,035 shares of Planet Labs PBC stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total transaction of $1,656,772.80. Following the completion of the transaction, the chief financial officer directly owned 1,132,122 shares of the company’s stock, valued at $24,997,253.76. This trade represents a 6.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 171,122 shares of company stock worth $4,148,906. 16.42% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Planet Labs PBC

A number of hedge funds have recently added to or reduced their stakes in PL. Van ECK Associates Corp lifted its position in Planet Labs PBC by 320.3% in the 4th quarter. Van ECK Associates Corp now owns 7,678,938 shares of the company’s stock valued at $151,429,000 after acquiring an additional 5,851,758 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Planet Labs PBC by 265.6% in the 3rd quarter. Invesco Ltd. now owns 3,450,479 shares of the company’s stock worth $44,787,000 after purchasing an additional 2,506,595 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of Planet Labs PBC by 257.5% in the 3rd quarter. Two Sigma Investments LP now owns 2,362,275 shares of the company’s stock worth $30,662,000 after purchasing an additional 1,701,535 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Planet Labs PBC by 10,305.7% in the second quarter. Marshall Wace LLP now owns 1,509,248 shares of the company’s stock worth $9,206,000 after purchasing an additional 1,494,744 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Planet Labs PBC by 477.9% in the second quarter. Bank of America Corp DE now owns 1,349,603 shares of the company’s stock worth $8,233,000 after purchasing an additional 1,116,055 shares during the last quarter. 41.71% of the stock is currently owned by hedge funds and other institutional investors.

Planet Labs PBC Company Profile

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.