Planet Labs's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Planet Labs (NYSE:PL) is scheduled to release its quarterly earnings report on March 28, 2024, with an expected EPS of $-0.06. Analysts and investors are particularly interested in the company's guidance for future growth. Historical data shows that Planet Labs' stock price is sensitive to earnings performance and guidance, with a notable 5.45% drop after last quarter's earnings miss. Over the past year, PL shares have declined by 30.29%, indicating a challenging period for the company.
March 27, 2024 | 2:01 pm
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Planet Labs is expected to report an EPS of $-0.06 for the upcoming quarter. Historical performance shows sensitivity in stock price to earnings outcomes and guidance, with a significant 30.29% decline over the past year.
Given the historical sensitivity of Planet Labs' stock price to earnings performance and guidance, the upcoming earnings report is crucial. However, the expected EPS and past performance suggest a cautious outlook. The stock's reaction will likely hinge on the company's future guidance, making it a critical factor for short-term price movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100