Wedbush Equities Analysts Cut Earnings Estimates for Planet Labs PBC (NYSE:PL)

Planet Labs PBC (NYSE:PL) – Wedbush reduced their Q2 2025 earnings estimates for Planet Labs PBC in a 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 prior forecast 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.

Several other equities analysts have also weighed in on the stock. Citigroup cut their price objective on shares of Planet Labs PBC from $4.50 to $3.90 and set a “buy” rating on the stock in a report on Thursday, April 4th. The Goldman Sachs Group decreased their target price on shares of Planet Labs PBC from $4.80 to $4.20 and set a “buy” rating for the company in a research report on Friday, April 12th. Craig Hallum decreased their target price on shares of Planet Labs PBC from $3.00 to $2.00 and set a “hold” rating for the company in a research report on Friday, June 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $7.00 target price on shares of Planet Labs PBC in a research report on Friday, June 21st. Finally, Benchmark decreased their price objective on shares of Planet Labs PBC from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Planet Labs PBC presently has an average rating of “Moderate Buy” and an average target price of $4.30.

Planet Labs PBC Price Performance

PL opened at $1.79 on Wednesday. Planet Labs PBC has a one year low of $1.67 and a one year high of $3.77. The company’s 50 day simple moving average is $1.90 and its 200-day simple moving average is $2.11.

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

Institutional Trading of Planet Labs PBC

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of Planet Labs PBC in the 4th quarter valued at approximately $132,000. Bleakley Financial Group LLC bought a new stake in shares of Planet Labs PBC during the 4th quarter valued at approximately $28,000. Jeppson Wealth Management LLC bought a new stake in shares of Planet Labs PBC during the 4th quarter valued at approximately $44,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Planet Labs PBC during the 4th quarter valued at approximately $34,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Planet Labs PBC during the 4th quarter valued at approximately $144,000. Institutional investors and hedge funds own 41.71% of the company’s stock.

About Planet Labs PBC

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.