Planet Labs PBC (NYSE:PL) Issues Earnings Results, Beats Expectations By $0.01 EPS

Planet Labs PBC (NYSE:PL) released its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01, FiscalAI reports. Planet Labs PBC had a negative net margin of 111.17% and a negative return on equity of 114.96%. The company had revenue of $94.15 million during the quarter, compared to analyst estimates of $90.39 million. Planet Labs PBC’s revenue for the quarter was up 42.1% on a year-over-year basis.

Here are the key takeaways from Planet Labs PBC’s conference call:

• Planet reported record first-quarter revenue of $94 million, up about 42% year over year, and said it achieved Rule of 40 for the third straight quarter.
• Defense and intelligence remained the main growth engine, with revenue up more than 65% year over year, helped by new U.S. government wins including Navy and NGA contract extensions and a new NGA award.
• Backlog and RPO continued to expand sharply, with backlog at about $906 million and RPO at about $816 million, giving management confidence in the year’s revenue outlook.
• Planet raised full-year fiscal 2027 guidance to $425 million-$441 million in revenue and said it expects to be free cash flow positive again on an annual basis, while maintaining a breakeven to $10 million adjusted EBITDA outlook.
• The company highlighted continued investment in AI and new satellite capabilities, including early access to its natural-language AI app, SuperRes, and the upcoming Gen 2 Pelican tech demo, but these initiatives also imply higher CapEx and some near-term margin pressure.

Planet Labs PBC Stock Performance

Shares of Planet Labs PBC stock opened at $32.08 on Friday. The company has a market capitalization of $11.10 billion, a PE ratio of -28.14 and a beta of 1.99. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.64 and a current ratio of 1.65. The company has a 50-day simple moving average of $38.79 and a two-hundred day simple moving average of $27.63. Planet Labs PBC has a one year low of $4.90 and a one year high of $51.76.

Planet Labs PBC News Roundup

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

• Positive Sentiment: Planet Labs posted record quarterly revenue of $94.2 million, above estimates, and said revenue rose 42% year over year, showing continued demand for its satellite imagery and data services. Planet Reports Financial Results for First Quarter of Fiscal Year 2027
• Positive Sentiment: The company also raised its full-year outlook, guiding FY2027 revenue to $425 million-$441 million, which was roughly in line to slightly above Wall Street expectations and reinforced confidence in growth momentum. Planet forecasts FY2027 revenue of $425M-$441M as it targets Rule of 40
• Positive Sentiment: Planet expanded its backlog and said defense and intelligence revenue grew more than 65% year over year, highlighting a healthy pipeline and stronger government demand. Planet Labs beats Q1 estimates as defense revenue surges, shares fall on outlook
• Positive Sentiment: Wedbush and Needham both reiterated constructive views, with price targets raised to $50 and $53 respectively, suggesting analysts still see meaningful upside from current levels. Why Is Planet Labs Stock Sinking Friday?
• Neutral Sentiment: Planet also extended its NGA partnership with an $22 million maritime surveillance contract, adding another government revenue stream and supporting longer-term visibility. Planet Labs Extends NGA Partnership With $22 Million Maritime Surveillance Contract
• Negative Sentiment: Shares are under pressure because investors are worried about dilution after Planet filed for a large at-the-market stock program, which could increase the share count over time. Planet Labs Launches $1.5 Billion ATM Stock Program
• Negative Sentiment: Some traders were also disappointed that full-year guidance and capital-allocation details did not appear aggressive enough, leading to a selloff despite the earnings beat. Wedbush makes a strong case for buying the dip in Planet Labs stock

Insider Transactions at Planet Labs PBC

In other Planet Labs PBC news, insider Robert H. Schingler sold 73,683 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were 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 in the company, valued at approximately $8,995,034.16. The trade was a 22.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ashley F. Johnson sold 200,000 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $35.10, for a total transaction of $7,020,000.00. Following the completion of the transaction, the chief financial officer owned 1,895,162 shares of the company’s stock, valued at $66,520,186.20. This represents a 9.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 16.42% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PL. Canada Pension Plan Investment Board lifted its stake in shares of Planet Labs PBC by 0.3% during the second quarter. Canada Pension Plan Investment Board now owns 7,820,400 shares of the company’s stock worth $47,704,000 after buying an additional 20,400 shares during the period. Van ECK Associates Corp increased its position in shares of 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 during the period. Goldman Sachs Group Inc. increased its position in shares of Planet Labs PBC by 7.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,137,871 shares of the company’s stock valued at $81,599,000 after acquiring an additional 301,757 shares during the period. Invesco Ltd. raised its stake in 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 acquiring an additional 2,506,595 shares during the last quarter. Finally, Nuveen LLC lifted its position in Planet Labs PBC by 48.6% during the 4th quarter. Nuveen LLC now owns 3,021,366 shares of the company’s stock worth $59,581,000 after acquiring an additional 987,479 shares during the period. Institutional investors and hedge funds own 41.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PL. Wedbush reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Planet Labs PBC in a research note on Friday. Needham & Company LLC boosted their target price on shares of Planet Labs PBC from $40.00 to $53.00 and gave the stock a “buy” rating in a report on Friday. Craig Hallum boosted their target price on shares of Planet Labs PBC from $36.00 to $49.00 and gave the stock a “buy” rating in a report on Friday. Weiss Ratings downgraded shares of Planet Labs PBC from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Finally, Cantor Fitzgerald boosted their target price on shares of Planet Labs PBC from $20.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, March 20th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $35.11.

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.