Key Takeaways:
- Planet Labs reports Q1 earnings June 4 with $89.8M revenue estimate
- Stock trades near $51.13 52-week high, up from $3.66 a year ago
- Wall Street consensus is Hold with a $30.61 mean price target
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Planet Labs to report Q1 revenue of $89.8M near 52-week high
Planet Labs (PL) is expected to report Q1 revenue of $89.8 million on June 4, a 35.5% year-over-year increase, with a loss of $0.03 per share.
"The stock has rallied more than 1,200% over the past year, and expectations are now elevated," New Street Research said in initiating coverage with a Sell rating and $28 price target in May.
The options market is pricing in a roughly 10% swing after the report. Planet Labs has exceeded that implied volatility in five of its past eight quarterly releases, including a 50.1% surge in June 2025 and a 48.4% move in December 2025. The March 2026 report triggered a 33% swing against a 19.2% expectation.
Shares traded at $50.35 on Thursday, up 4.2%, approaching the 52-week high of $51.13. Twelve months ago, the stock changed hands at $3.66. The 1,276% rally means the earnings report carries outsized risk for holders, with the current price sitting well above the consensus analyst target of $30.61.
The analyst consensus breaks down to six Buy, three Hold and three Sell ratings. Citigroup raised its target to $35 with a Buy recommendation. Needham and Cantor Fitzgerald lifted projections to $40 after the March earnings beat. New Street Research started coverage with a Sell and $28 target.
Institutional interest has surged alongside the stock price. Van ECK Associates expanded its position by 320.3% in the fourth quarter, and Invesco grew holdings by 265.6% in the third quarter. Goldman Sachs increased its stake by 7.9% in the fourth quarter. Institutions collectively control 41.71% of outstanding shares.
Insider activity tells a different story. CFO Ashley Johnson sold 200,000 shares at $35.10 in early April, and insider Robert Schingler sold 73,683 shares at $35.07 around the same time, both through predetermined Rule 10b5-1 trading plans.
The earnings report will test whether the stock's meteoric rise is justified by fundamentals. Investors will watch for revenue growth acceleration and any guidance update during the June 4 conference call at 5:00 PM ET.
This article is for informational purposes only and does not constitute investment advice.
[1] Here's How to Play Planet Labs Stock Before Q1 Earnings[2] Should You Buy Planet Labs (PL) Stock Ahead of Its June 4 Earnings Report?[3] Planet Labs Stock Orbits Record Highs Ahead of Earnings[4] Planet Labs Looks Strong, But I Think Expectations Are Running Hot[5] Planet Labs stock price surge put to the test as earnings loom
