Planet Labs PBC (NYSE:PL) Posts Earnings Results, Misses Expectations By $0.02 EPS

Planet Labs PBC (NYSE:PLGet Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02), Zacks reports. The business had revenue of $60.44 million during the quarter, compared to analysts’ expectations of $59.80 million. Planet Labs PBC had a negative net margin of 59.26% and a negative return on equity of 25.52%. During the same period last year, the company posted ($0.13) EPS. Planet Labs PBC updated its Q2 2025 guidance to EPS.

Planet Labs PBC Price Performance

PL opened at $2.02 on Friday. The stock’s 50 day moving average price is $1.92 and its 200-day moving average price is $2.18. Planet Labs PBC has a 52-week low of $1.67 and a 52-week high of $4.98.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PL. Citigroup cut their price target on shares of Planet Labs PBC from $4.50 to $3.90 and set a “buy” rating for the company in a research report on Thursday, April 4th. Benchmark lowered their target price on Planet Labs PBC from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, April 2nd. JMP Securities reduced their price target on Planet Labs PBC from $5.50 to $4.00 and set a “market outperform” rating on the stock in a research report on Monday, April 1st. Craig Hallum lowered their price objective on Planet Labs PBC from $3.00 to $2.00 and set a “hold” rating for the company in a research report on Friday. Finally, The Goldman Sachs Group cut their target price on shares of Planet Labs PBC from $4.80 to $4.20 and set a “buy” rating on the stock in a report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $4.57.

View Our Latest Analysis on PL

About Planet Labs PBC

(Get Free Report)

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.

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Earnings History for Planet Labs PBC (NYSE:PL)

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