Wedbush Brokers Reduce Earnings Estimates for Planet Labs PBC (NYSE:PL)

Planet Labs PBC (NYSE:PL) – Analysts at Wedbush dropped their Q2 2025 earnings per share estimates for Planet Labs PBC in a research note issued to investors on Sunday, June 30th. Wedbush analyst D. Ives now anticipates that the company will post earnings of ($0.10) per share for the quarter, down from their previous estimate of ($0.09). The consensus estimate for Planet Labs PBC’s current full-year earnings is ($0.39) per share. Wedbush also issued estimates for Planet Labs PBC’s Q3 2025 earnings at ($0.10) EPS, Q4 2025 earnings at ($0.08) EPS, FY2025 earnings at ($0.38) EPS, Q1 2026 earnings at ($0.08) EPS, Q2 2026 earnings at ($0.07) EPS, Q3 2026 earnings at ($0.07) EPS, Q4 2026 earnings at ($0.07) EPS and FY2026 earnings at ($0.28) EPS.

Planet Labs PBC (NYSE:PL) last announced its earnings results on Thursday, June 6th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The business had revenue of $60.44 million for the quarter, compared to the consensus estimate of $59.80 million. Planet Labs PBC had a negative net margin of 59.26% and a negative return on equity of 25.89%. During the same quarter in the prior year, the company earned ($0.13) EPS.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group dropped their price objective on shares of Planet Labs PBC from $4.80 to $4.20 and set a “buy” rating on the stock in a research note on Friday, April 12th. Craig Hallum dropped their price target on Planet Labs PBC from $3.00 to $2.00 and set a “hold” rating on the stock in a research report on Friday, June 7th. Needham & Company LLC restated a “buy” rating and issued a $7.00 price target on shares of Planet Labs PBC in a research note on Friday, June 21st. JMP Securities reiterated a “market outperform” rating and set a $4.00 price objective on shares of Planet Labs PBC in a research note on Thursday, June 27th. Finally, Citigroup cut their target price on Planet Labs PBC from $4.50 to $3.90 and set a “buy” rating on the stock in a research note on Thursday, April 4th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $4.30.

Planet Labs PBC Price Performance

Shares of PL opened at $1.81 on Wednesday. The company has a 50-day simple moving average of $1.90 and a two-hundred day simple moving average of $2.11. The firm has a market capitalization of $524.84 million, a PE ratio of -3.76 and a beta of 0.97. Planet Labs PBC has a one year low of $1.67 and a one year high of $3.77.

Institutional Trading of Planet Labs PBC

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in Planet Labs PBC in the 1st quarter worth approximately $52,000. Jacobs Levy Equity Management Inc. raised its position in shares of Planet Labs PBC by 26.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 511,976 shares of the company’s stock valued at $1,306,000 after buying an additional 106,083 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Planet Labs PBC by 14.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 50,678 shares of the company’s stock worth $130,000 after buying an additional 6,215 shares in the last quarter. PEAK6 Investments LLC boosted its position in shares of Planet Labs PBC by 224.2% during the first quarter. PEAK6 Investments LLC now owns 300,120 shares of the company’s stock worth $765,000 after acquiring an additional 207,558 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Planet Labs PBC during the first quarter valued at $66,000. 41.71% of the stock is currently owned by institutional investors.

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.