Planet Labs Q4 EPS $(0.11) Misses $(0.06) Estimate, Sales $58.85M Beat $58.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Planet Labs (NYSE:PL) reported Q4 earnings with a loss of $(0.11) per share, missing the $(0.06) estimate, but sales of $58.85M exceeded the $58.19M forecast. This represents an 83.33% miss on EPS estimates but a 1.14% beat on sales forecasts, with a year-over-year sales increase of 11.09%.
March 28, 2024 | 8:29 pm
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NEUTRAL IMPACT
Planet Labs reported a larger than expected quarterly loss but exceeded sales forecasts, indicating mixed financial health.
The miss on EPS estimates by 83.33% could concern investors about profitability, potentially pressuring the stock price. However, beating sales estimates and showing a year-over-year sales increase of 11.09% could offset some negative sentiment by demonstrating growth. The mixed results make the short-term impact on the stock price uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100