Analysts expect Planet Labs to report revenue of $90.0 million and an EPS loss of $0.04, with the current stock price of $48.20 trading significantly higher than the average analyst target of $36.11. Investors are primarily focused on the company's backlog conversion and the momentum of government and defense contracts following recent major awards in Europe.
Planet's shares have surged over 135% year-to-date, driven by excitement surrounding the SpaceX IPO and progress on the next-generation Pelican satellite fleet. This quarterly report will be scrutinized for proof of sustained margin expansion and a clear path toward GAAP profitability as the company scales its high-resolution data services.