Recap: Planet Labs Q3 Earnings
Portfolio Pulse from Benzinga Insights
Planet Labs (NYSE:PL) reported Q3 earnings with an EPS of $-0.13, missing estimates by 62.5% against the expected $-0.08. Revenue increased by $5.68 million compared to the same period last year. The company's stock price dropped 11.04% the day after missing EPS estimates last quarter.
December 07, 2023 | 9:25 pm
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NEGATIVE IMPACT
Planet Labs missed Q3 earnings estimates with an EPS of $-0.13, which could negatively impact investor sentiment and stock price in the short term.
Historically, the stock price of Planet Labs has been negatively affected following an earnings miss, as evidenced by the 11.04% drop after last quarter's earnings. The current miss by 62.5% is significant and likely to result in a similar negative investor reaction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100