Planet Labs (PL) Stock: Should You Buy Ahead of June 4 Earnings Report?

Key Takeaways

Table of Contents

Planet Labs unveils Q1 2027 financial results after hours on June 4
Options traders anticipate approximately 10% volatility; PL has surpassed implied moves in 5 of its last 8 earnings releases
Shares hovering around $50.35, approaching the 52-week peak of $51.13, gaining 4.2% during Thursday’s session
Wall Street forecasts a quarterly loss of $0.03 per share with $90 million in revenue
Analyst rating stands at “Hold” with mean price target of $30.61 — significantly under current trading levels

Planet Labs (PL) is set to release its Q1 2027 financial performance after the closing bell on June 4, with options market participants anticipating volatility of approximately 10% in either direction.

Planet Labs PBC, PL

While that volatility estimate may appear substantial, it’s actually relatively modest for PL based on historical patterns.

Shares kicked off Thursday’s trading at $50.35, registering a 4.2% gain, and hovering near the 52-week peak of $51.13. Just twelve months earlier, PL traded as low as $3.66.

Wall Street consensus calls for a quarterly loss of $0.03 per share alongside revenue of $90 million.

The company has scheduled its earnings conference call for 5:00 PM ET on June 4.

Consistent Pattern of Exceeding Expectations

Planet Labs has demonstrated a tendency to deliver price movements that far exceed options market predictions.

Across five of its previous eight quarterly reports, actual stock movement surpassed the implied volatility forecast. During the June 2025 announcement, shares rocketed 50.1% higher despite an implied move of only 13.7%. The December 2025 report generated a 48.4% swing versus a projected 19.1%.

The March 2026 quarterly update produced a 33% movement compared to an implied 19.2% range.

However, the pattern isn’t foolproof. Following the March 2025 earnings, the stock declined a modest 5.3% against an implied 10.3% move. The most severe single-quarter decline occurred in September 2024, when PL plummeted 29.1%.

Consequently, the current 10% implied movement heading into the June 4 announcement shouldn’t be viewed as an upper boundary based on historical performance.

Wall Street Ratings and Price Projections

Analyst sentiment on the stock remains deeply divided.

Current coverage includes six Buy recommendations, three Hold ratings, and three Sell calls. The overall consensus lands at “Hold” with a mean price objective of $30.61 — representing approximately 39% downside from current price levels.

Recent analyst activity includes Citigroup upgrading its target to $35 while maintaining a Buy stance, along with Needham and Cantor Fitzgerald both elevating targets to $40 following the March quarterly report.

Conversely, New Street Research launched coverage in May with a Sell recommendation and $28 price objective.

The stock currently trades well above both its 50-day moving average of $36.74 and 200-day moving average of $26.12 — indicating robust recent price momentum.

Insider transactions show elevated selling activity. CFO Ashley Johnson divested 200,000 shares at $35.10 in early April. Insider Robert Schingler offloaded 73,683 shares at $35.07 during the same timeframe. Both transactions were conducted through pre-established Rule 10b5-1 trading plans.

Meanwhile, institutional ownership has been expanding. Van ECK Associates increased its position by 320.3% during Q4. Invesco expanded its holdings by 265.6% in Q3. Goldman Sachs added 7.9% to its stake in Q4.

Institutional investors and hedge funds collectively control 41.71% of outstanding PL shares.

The quarterly earnings announcement arrives after market close on June 4, followed by the conference call at 5:00 PM ET.