FMP
Planet Labs Stock Plummets 26% on Weaker Than Expected Guidance
Jun 9, 2023 7:33 PM - Davit Kirakosyan
Image credit: FMP
Shares of Planet Labs (NYSE:PL) shares plunged more than 26% intra-day today after the company’s reported Q1 earnings results.
Although Q1 EPS of ($0.13) exceeded the consensus estimate of ($0.15), and the revenue of $52.7 million (a 31% increase compared to the previous year) was approximately in line with the anticipated $52.92 million, investors were disappointed by the outlook provided by management.
During the first quarter, the percentage of recurring annual contract value (ACV) stood at 93%, and the customer count at the end of the period grew by 9% to reach 903 customers compared to the previous year.
Looking ahead to Q2/24, Planet Labs anticipates revenue ranging from $53 million to $55 million, which falls short of the Street estimate of $60.7 million. For the full year, the company's revenue outlook is within the range of $225 million to $235 million, which is below the Street estimate of $257 million.
Other Blogs
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
P/E Ratios Using Normalized Earnings
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
What is Price To Earnings Ratio and How to Calculate it using Python
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
VMware Stock Drops 12% as China May Hold Up the Broadcom Acquisition
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...
