Earth imaging satellite company Planet Labs (NYSE:PL) will be reporting earnings tomorrow after market close. Here’s what to expect.
Planet Labs missed analysts’ revenue expectations by 3.1% last quarter, reporting revenues of $61.27 million, up 10.6% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EPS estimates.
Is Planet Labs a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Planet Labs’s revenue to grow 5.8% year on year to $62.28 million, slowing from the 11.1% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.02 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Planet Labs has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Planet Labs’s peers in the data & business process services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. CSG delivered year-on-year revenue growth of 6.5%, meeting analysts’ expectations, and SS&C reported revenues up 8.3%, topping estimates by 3.2%. CSG traded up 7% following the results while SS&C was also up 6%.
Read our full analysis of CSG’s results here and SS&C’s results here.
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