Planet Labs PBC reports results for the quarter ended January 31 - Earnings Summary

• Planet Labs PBC PL.N reported a quarterly adjusted loss of 8 cents​​ per share for the quarter ended January 31, lower than the same quarter last year, when the company reported EPS of -6 cents. The mean expectation of eleven analysts for the quarter was for a loss of 2 cents per share. Wall Street expected results to range from -4 cents to -2 cents per share.

• Revenue rose 4.6% to $61.55 million from a year ago; analysts expected $61.87 million.

• Planet Labs PBC's reported EPS for the quarter was a loss of 12 cents​.

• The company reported a quarterly loss of $35.15 million.

• Planet Labs PBC shares had risen by 6.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the aerospace & defense peer group is also "buy"

Wall Street's median 12-month price target for Planet Labs PBC is $6.30

This summary was machine generated from LSEG data March 20 at 09:37 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)