Earnings Preview For Planet Labs
Portfolio Pulse from Benzinga Insights
Planet Labs (NYSE:PL) is scheduled to release its quarterly earnings report on Thursday, 2023-12-07, with an expected EPS of $-0.08. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has been sensitive to earnings performance and guidance. Last quarter, PL missed EPS estimates by $0.06, resulting in an 11.04% share price drop the following day. Over the last year, PL shares have declined by 51.4%.
December 06, 2023 | 3:00 pm
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NEUTRAL IMPACT
Planet Labs is expected to report an EPS of $-0.08 for the upcoming earnings, with investors focusing on potential positive guidance. Historical data shows significant stock movement post-earnings.
The short-term impact on PL's stock price will likely hinge on whether the company beats the EPS estimate and provides positive guidance. Historical trends show that the stock is sensitive to earnings outcomes, but given the recent negative performance, investor sentiment may already be low, which could moderate the impact of another earnings miss. However, positive guidance could provide a boost.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100