TLDR
- Planet Labs reports Q1 2027 earnings after market close on June 4
- Options market implies a ~10% move; PL has beaten that implied move 5 of the last 8 quarters
- Stock trading near $50.35, close to its 52-week high of $51.13, up 4.2% on the day
- Analysts expect a loss of $0.03 per share on revenue of $90 million
- Analyst consensus is “Hold” with an average price target of $30.61 — well below current price
Planet Labs (PL) reports Q1 2027 earnings after the bell on June 4, and options traders are pricing in a move of around 10% in either direction.
That might sound like a lot. For PL, it’s actually on the conservative side.
The stock opened at $50.35 on Thursday, up 4.2%, and is trading close to its 52-week high of $51.13. A year ago, PL was trading as low as $3.66.
Analysts are expecting a loss of $0.03 per share on revenue of $90 million for the quarter.
The earnings call is scheduled for 5:00 PM ET on June 4.
A History of Big Moves
Planet Labs has a habit of moving well beyond what the options market expects.
In five of the last eight earnings reports, the actual price move exceeded the implied move. In June 2025, the stock jumped 50.1% against an implied move of just 13.7%. In December 2025, it moved 48.4% versus an implied 19.1%.
The March 2026 report saw a 33% move against an implied 19.2%.
That said, it doesn’t always go that way. In March 2025, the stock fell just 5.3% despite a 10.3% implied move. The worst single result came in September 2024, when PL dropped 29.1%.
So a 10% implied move heading into June 4 is, historically, not the ceiling.
Analyst Ratings and Price Targets
Wall Street is mixed on the stock, and that’s putting it mildly.
Six analysts have Buy ratings, three have Hold, and three have Sell. The consensus is “Hold” with an average price target of $30.61 — that’s roughly 39% below where the stock is currently trading.
Recent moves include Citigroup lifting its target to $35 with a Buy, and Needham and Cantor Fitzgerald both raising targets to $40 after the March earnings report.
On the other side, New Street Research initiated coverage in May with a Sell rating and a $28 price target.
The stock is trading well above its 50-day moving average of $36.74 and its 200-day moving average of $26.12 — a sign of strong recent momentum.
Insider selling has picked up. CFO Ashley Johnson sold 200,000 shares at $35.10 in early April. Insider Robert Schingler sold 73,683 shares at $35.07 around the same time. Both sales were executed under pre-arranged Rule 10b5-1 plans.
Institutional interest, on the other hand, has been growing. Van ECK Associates boosted its stake by 320.3% in Q4. Invesco increased its position by 265.6% in Q3. Goldman Sachs added 7.9% to its holding in Q4.
Hedge funds and institutional investors now hold 41.71% of PL stock.
The earnings report drops after market close on June 4, with the call at 5:00 PM ET.
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