Planet Labs PBC reports results for the quarter ended April 30 - Earnings Summary

• Planet Labs PBC PL.N reported quarterly breakeven results​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of eleven analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -8 cents to -3 cents per share.

• Revenue rose 9.6% to $66.27 million from a year ago; analysts expected $62.30 million.

• Planet Labs PBC's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $12.63 million.

• Planet Labs PBC shares had risen by 13.6% this quarter and lost 5.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 104.2% 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 9 "strong buy" or "buy," 2 "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 $5.00

This summary was machine generated from LSEG data June 4 at 09:01 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)