Earth imaging satellite company Planet Labs (NYSE: PL) will be reporting earnings this Thursday afternoon. Here’s what to expect.
Planet Labs beat analysts’ revenue expectations last quarter, reporting revenues of $81.25 million, up 32.6% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ revenue estimates.
Is Planet Labs a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Planet Labs’s revenue to grow 27.5% year on year, improving from the 4.6% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Planet Labs has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Planet Labs’s peers in the data & business process services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Broadridge delivered year-on-year revenue growth of 7.8%, beating analysts’ expectations by 6.5%, and SS&C reported revenues up 8.1%, topping estimates by 1.9%. Broadridge traded down 4.1% following the results while SS&C was up 3.2%.
Read our full analysis of Broadridge’s results here and SS&C’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the data & business process services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.4% on average over the last month. Planet Labs is up 22.2% during the same time and is heading into earnings with an average analyst price target of $24.71 (compared to the current share price of $27.13).
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