Planet Labs Stock Orbits Record Highs Ahead of Earnings

Planet Labs (NYSE:PL) is trading in record territory ahead of earnings due out after Thursday's close, June 4. According to Zacks Research, analysts expect fiscal-second quarter earnings of three cents per share on revenue of $82.7 million.

The options pits are pricing in a post-earnings swing of 25.3%, regardless of direction, this time around, while the stock has averaged a 26.5% over the last eight quarters. PL has closed five of its last eight post-earnings sessions higher, including a 49.4% pop following its June 2025 report. 

On the charts, PL is just a chip shot away from its May 28 all-time high of $51.78. Pressure remains firm at the $50 region, though a strong earnings report could trigger a breakout. Year to date the equity has added a whopping 150%. 

Plus, short interest represents 10.33% of the stock’s available float. It would take nearly three days to buy back all 33.84 million shares sold short.